Granville Capital Inc. Buys 5,355 Shares of iShares U.S. Technology ETF $IYW

Granville Capital Inc. bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 5,355 shares of the exchange traded fund’s stock, valued at approximately $1,419,000. iShares U.S. Technology ETF accounts for 0.6% of Granville Capital Inc.’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in IYW. Envestnet Asset Management Inc. grew its position in iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after buying an additional 31,952 shares during the period. Hsbc Holdings PLC increased its holdings in 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 valued at $177,397,000 after buying an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Technology ETF in the second quarter valued at $200,579,000. Commonwealth Equity Services LLC acquired a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $150,156,000. Finally, Kestra Advisory Services LLC raised its position in shares of iShares U.S. Technology ETF by 1.2% in the third quarter. Kestra Advisory Services LLC now owns 483,241 shares of the exchange traded fund’s stock worth $128,011,000 after acquiring an additional 5,513 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $236.70 on Thursday. The firm has a 50-day simple moving average of $254.66 and a two-hundred day simple moving average of $230.75. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44. The company has a market cap of $23.58 billion, a P/E ratio of 26.89 and a beta of 1.37.

About iShares U.S. Technology ETF

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.