5,666 Shares of iShares U.S. Technology ETF $IYW Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, HoldingsChannel reports. The firm acquired 5,666 shares of the exchange traded fund’s stock, valued at approximately $1,501,000.

A number of other institutional investors have also modified their holdings of IYW. Go Invest LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $30,000. Citizens National Bank Trust Department acquired a new stake in iShares U.S. Technology ETF during the 1st quarter worth approximately $31,000. Tompkins Financial Corp purchased a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $40,000. Bangor Savings Bank purchased a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $42,000. Finally, Grove Bank & Trust purchased a new position in iShares U.S. Technology ETF in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $249.92 on Monday. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44. The firm’s 50 day moving average price is $256.82 and its two-hundred day moving average price is $244.13.

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.