Scarborough Advisors LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,613 shares of the exchange traded fund’s stock, valued at approximately $474,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYW. Monetary Solutions Ltd bought a new position in iShares U.S. Technology ETF in the fourth quarter worth $26,000. Sankala Group LLC bought a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth about $26,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $28,000. Triumph Capital Management bought a new stake in iShares U.S. Technology ETF during the third quarter worth about $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $32,000. 57.65% of the stock is currently owned by institutional investors.
iShares U.S. Technology ETF Stock Performance
Shares of IYW opened at $239.24 on Monday. The stock has a market cap of $24.06 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01. The firm’s 50-day simple moving average is $245.67 and its two-hundred day simple moving average is $214.46.
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). 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.
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