iShares U.S. Technology ETF $IYW Shares Purchased by Swmg LLC

Swmg LLC increased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 45.2% in the fourth quarter, HoldingsChannel reports. The firm owned 29,590 shares of the exchange traded fund’s stock after acquiring an additional 9,211 shares during the quarter. iShares U.S. Technology ETF accounts for 1.6% of Swmg LLC’s portfolio, making the stock its 16th biggest position. Swmg LLC’s holdings in iShares U.S. Technology ETF were worth $5,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $28,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $31,000. Kingdom Financial Group LLC. acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at approximately $32,000. Collier Financial acquired a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $37,000. Finally, Beacon Financial Strategies CORP acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.4%

Shares of NYSEARCA:IYW opened at $246.33 on Thursday. iShares U.S. Technology ETF has a 12-month low of $155.68 and a 12-month high of $248.45. The company has a market capitalization of $24.23 billion, a PE ratio of 34.95 and a beta of 1.33. The business has a 50 day moving average of $210.78 and a two-hundred day moving average of $201.89.

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). 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.