Summit Financial LLC Acquires New Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Summit Financial LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,579 shares of the exchange traded fund’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IYW. Mainstream Capital Management LLC raised its stake in shares of iShares U.S. Technology ETF by 1.3% in the 4th quarter. Mainstream Capital Management LLC now owns 4,945 shares of the exchange traded fund’s stock worth $789,000 after buying an additional 63 shares in the last quarter. XML Financial LLC raised its position in iShares U.S. Technology ETF by 1.7% in the fourth quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock worth $701,000 after acquiring an additional 73 shares in the last quarter. New Republic Capital LLC lifted its holdings in iShares U.S. Technology ETF by 4.4% in the 4th quarter. New Republic Capital LLC now owns 1,925 shares of the exchange traded fund’s stock valued at $307,000 after acquiring an additional 82 shares during the last quarter. Marino Stram & Associates LLC boosted its position in shares of iShares U.S. Technology ETF by 4.6% during the 4th quarter. Marino Stram & Associates LLC now owns 1,990 shares of the exchange traded fund’s stock valued at $317,000 after purchasing an additional 88 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of iShares U.S. Technology ETF by 43.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 90 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $124.50 on Friday. The firm has a market cap of $15.53 billion, a PE ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a 12 month low of $124.25 and a 12 month high of $167.30. The firm has a 50 day simple moving average of $152.70 and a 200 day simple moving average of $156.12.

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).