hemming& Wealth Management Inc. Invests $8.63 Million in iShares U.S. Technology ETF $IYW

hemming& Wealth Management Inc. purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 43,241 shares of the exchange traded fund’s stock, valued at approximately $8,634,000. iShares U.S. Technology ETF accounts for 5.9% of hemming& Wealth Management Inc.’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in IYW. Monetary Solutions Ltd purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Miller Capital Partners Inc. acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth $28,000. Triumph Capital Management acquired a new position in iShares U.S. Technology ETF during the third quarter worth $28,000. Finally, Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth $32,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $253.57 on Friday. iShares U.S. Technology ETF has a 1 year low of $162.98 and a 1 year high of $261.01. The stock has a fifty day moving average price of $232.73 and a two-hundred day moving average price of $208.07. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36.

iShares U.S. Technology ETF 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.