Goodman Advisory Group LLC Takes $510,000 Position in iShares U.S. Technology ETF $IYW

Goodman Advisory Group LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the first quarter, Holdings Channel.com reports. The fund acquired 2,809 shares of the exchange traded fund’s stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYW. Morgan Stanley raised its stake in iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after purchasing an additional 186,297 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares during the last quarter. UBS Group AG grew its stake in shares of iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after buying an additional 72,485 shares during the period. Raymond James Financial Inc. grew its stake in shares of iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after buying an additional 27,056 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 Performance

IYW stock opened at $239.66 on Friday. The firm has a market cap of $23.57 billion, a PE ratio of 34.95 and a beta of 1.36. The firm’s 50 day moving average price is $237.32 and its 200-day moving average price is $209.59. iShares U.S. Technology ETF has a one year low of $170.25 and a one year high of $261.01.

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.