Legacy Private Trust Co. Makes New $2.80 Million Investment in iShares U.S. Technology ETF $IYW

Legacy Private Trust Co. bought a new stake 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. The institutional investor bought 10,561 shares of the exchange traded fund’s stock, valued at approximately $2,798,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYW. JPMorgan Chase & Co. grew its stake in iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 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 worth $341,174,000 after purchasing an additional 31,952 shares during the period. Hsbc Holdings PLC boosted its position 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Technology ETF in the second quarter valued at approximately $200,579,000. Finally, Kestra Advisory Services LLC increased its holdings in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW traded up $1.59 during trading on Tuesday, reaching $273.22. 436,627 shares of the company’s stock were exchanged, compared to its average volume of 1,083,358. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44. The company’s fifty day simple moving average is $252.99 and its 200-day simple moving average is $236.56. The stock has a market capitalization of $27.38 billion, a P/E ratio of 34.95 and a beta of 1.35.

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.