Lane & Associates LLC Buys 7,270 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Lane & Associates LLC boosted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 100.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,475 shares of the exchange traded fund’s stock after buying an additional 7,270 shares during the quarter. iShares U.S. Technology ETF makes up 1.2% of Lane & Associates LLC’s portfolio, making the stock its 24th largest position. Lane & Associates LLC’s holdings in iShares U.S. Technology ETF were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYW. Rosenberg Matthew Hamilton increased its position in iShares U.S. Technology ETF by 133.8% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Central Bank & Trust Co. increased its position in iShares U.S. Technology ETF by 343.6% during the 2nd quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 134 shares during the period. Phillips Financial Management LLC increased its position in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Chris Bulman Inc purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $41,000. Finally, Activest Wealth Management purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $52,000.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $159.05 on Friday. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The company’s 50-day simple moving average is $154.05 and its two-hundred day simple moving average is $148.46. iShares U.S. Technology ETF has a one year low of $114.84 and a one year high of $161.49.

iShares U.S. Technology ETF Company 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).