Shepherd Financial Partners LLC Acquires 2,536 Shares of iShares U.S. Technology ETF $IYW

Shepherd Financial Partners LLC increased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.9% during the second quarter, HoldingsChannel.com reports. The fund owned 90,776 shares of the exchange traded fund’s stock after purchasing an additional 2,536 shares during the period. iShares U.S. Technology ETF makes up 1.7% of Shepherd Financial Partners LLC’s holdings, making the stock its 15th largest position. Shepherd Financial Partners LLC’s holdings in iShares U.S. Technology ETF were worth $15,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYW. Cresset Asset Management LLC raised its holdings in iShares U.S. Technology ETF by 4.8% in the 2nd quarter. Cresset Asset Management LLC now owns 20,634 shares of the exchange traded fund’s stock worth $3,575,000 after acquiring an additional 942 shares during the period. Brown Advisory Inc. grew its position in shares of iShares U.S. Technology ETF by 1.5% in the second quarter. Brown Advisory Inc. now owns 24,831 shares of the exchange traded fund’s stock valued at $4,302,000 after purchasing an additional 365 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at about $26,937,000. First Trust Advisors LP bought a new position in shares of iShares U.S. Technology ETF in the second quarter worth about $222,000. Finally, 1832 Asset Management L.P. lifted its position in shares of iShares U.S. Technology ETF by 15.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 11,762 shares of the exchange traded fund’s stock worth $2,038,000 after purchasing an additional 1,574 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Up 0.6%

Shares of NYSEARCA:IYW opened at $202.94 on Friday. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50 day moving average price of $199.58 and a 200 day moving average price of $184.36. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98.

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).