NewEdge Wealth LLC increased its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 167.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,007 shares of the exchange traded fund’s stock after buying an additional 5,011 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares U.S. Technology ETF were worth $1,453,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Monetary Solutions Ltd acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth about $26,000. Sankala Group LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $26,000. Miller Capital Partners Inc. bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $28,000. Triumph Capital Management acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $28,000. Finally, Citizens National Bank Trust Department acquired a new stake in iShares U.S. Technology ETF in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Performance
NYSEARCA:IYW opened at $236.08 on Monday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The company has a 50-day moving average of $245.72 and a 200-day moving average of $215.87. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.
iShares U.S. Technology ETF Profile
iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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