2,000 Shares in iShares U.S. Technology ETF $IYW Purchased by MV Capital Management Inc.

MV Capital Management Inc. bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the exchange traded fund’s stock, valued at approximately $399,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares during the period. Russell Investments Group Ltd. boosted its position in iShares U.S. Technology ETF by 9.8% during the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 98 shares in the last quarter. First Trust Advisors LP purchased a new stake in iShares U.S. Technology ETF during the second quarter worth $222,000. Main Street Financial Solutions LLC boosted its position in iShares U.S. Technology ETF by 95.7% during the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after purchasing an additional 166 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $253.57 on Friday. The stock has a market cap of $24.94 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a fifty-two week low of $162.98 and a fifty-two week high of $261.01. The business has a fifty day simple moving average of $232.73 and a 200-day simple moving average of $208.07.

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.