Signaturefd LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Signaturefd LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,682 shares of the exchange traded fund’s stock, valued at approximately $1,505,000.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after purchasing an additional 31,952 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at $200,579,000. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after buying an additional 91,338 shares during the period. Kestra Advisory Services LLC boosted its position in shares of iShares U.S. Technology ETF by 11.0% in the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares during the period. Finally, First Merchants Corp acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $42,477,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 1.2%

Shares of IYW stock opened at $252.88 on Tuesday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The stock’s fifty day simple moving average is $256.81 and its 200-day simple moving average is $228.35.

iShares U.S. Technology ETF Company 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.