Claro Advisors LLC Purchases New Position in iShares U.S. Technology ETF $IYW

Claro Advisors LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,349 shares of the exchange traded fund’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $27,000. Bogart Wealth LLC grew its holdings in shares of iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 106 shares during the last quarter. Park Square Financial Group LLC increased its position in shares of iShares U.S. Technology ETF by 588.2% during the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 1st quarter valued at about $33,000. Finally, Tsfg LLC boosted its position in shares of iShares U.S. Technology ETF by 35.4% in the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.0%

NYSEARCA:IYW opened at $200.10 on Friday. The company has a market capitalization of $21.57 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The stock’s 50 day moving average price is $195.44 and its 200 day moving average price is $176.92.

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).