Quantbot Technologies LP Makes New Investment in iShares U.S. Technology ETF $IYW

Quantbot Technologies LP bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the exchange traded fund’s stock, valued at approximately $588,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth about $25,000. Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $31,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $31,000. Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $34,000. Finally, Collier Financial bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $37,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $188.34 on Monday. The firm’s 50-day simple moving average is $196.35 and its 200-day simple moving average is $196.13. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm has a market cap of $19.71 billion, a PE ratio of 34.95 and a beta of 1.23.

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.