Peddock Capital Advisors LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Peddock Capital Advisors LLC purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,290 shares of the exchange traded fund’s stock, valued at approximately $607,000.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF during the second quarter worth about $200,579,000. First Heartland Consultants Inc. purchased a new position in iShares U.S. Technology ETF in the 3rd quarter valued at about $7,194,000. Goodman Advisory Group LLC purchased a new position in iShares U.S. Technology ETF in the 1st quarter valued at about $510,000. CrossGen Wealth LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter worth about $880,000. Finally, True North Advisors LLC acquired a new stake in iShares U.S. Technology ETF in the 1st quarter worth about $439,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 2.9%

NYSEARCA:IYW traded down $7.46 during trading hours on Friday, hitting $251.24. 984,968 shares of the stock were exchanged, compared to its average volume of 1,075,354. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The firm’s fifty day moving average price is $256.92 and its 200 day moving average price is $241.26. The company has a market cap of $24.41 billion, a P/E 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.