USA Financial Formulas Buys Shares of 20,429 iShares U.S. Technology ETF $IYW

USA Financial Formulas bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,429 shares of the exchange traded fund’s stock, valued at approximately $3,540,000. iShares U.S. Technology ETF comprises 0.6% of USA Financial Formulas’ holdings, making the stock its 18th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new stake in iShares U.S. Technology ETF during the 1st quarter valued at $27,000. Trust Co. of Vermont purchased a new stake in iShares U.S. Technology ETF during the 1st quarter valued at $30,000. Park Square Financial Group LLC raised its stake in iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. SJS Investment Consulting Inc. purchased a new stake in iShares U.S. Technology ETF during the 2nd quarter valued at $41,000. Finally, Accredited Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF during the 1st quarter valued at $33,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.7%

Shares of IYW opened at $197.21 on Thursday. The firm has a market cap of $24.66 billion, a PE ratio of 34.95 and a beta of 1.15. The firm has a fifty day simple moving average of $185.38 and a two-hundred day simple moving average of $165.34. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $197.32.

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).