Strategy Asset Managers LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Strategy Asset Managers LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,423 shares of the exchange traded fund’s stock, valued at approximately $642,000.

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $200,579,000. Axxcess Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth $41,199,000. Align Financial LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth $23,923,000. Hsbc Holdings PLC increased its position in shares of 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 worth $177,397,000 after purchasing an additional 91,338 shares during the period. Finally, Advisortrust Partners LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth $12,224,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Down 2.9%

IYW opened at $259.54 on Thursday. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a 50-day simple moving average of $256.82 and a 200 day simple moving average of $240.61.

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.