MBL Wealth LLC Purchases Shares of 1,329 iShares U.S. Technology ETF $IYW

MBL Wealth LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,329 shares of the exchange traded fund’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hoey Investments Inc. bought a new stake in iShares U.S. Technology ETF during the first quarter valued at about $27,000. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Technology ETF during the first quarter worth about $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 purchasing an additional 200 shares during the period. Accredited Wealth Management LLC purchased a new position in iShares U.S. Technology ETF in the 1st quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. bought a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $41,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $197.46 on Monday. The firm has a market cap of $21.27 billion, a P/E ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $199.31. The company has a 50 day simple moving average of $186.11 and a two-hundred day simple moving average of $166.34.

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).