Samalin Investment Counsel LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Samalin Investment Counsel LLC purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,569 shares of the exchange traded fund’s stock, valued at approximately $680,000.

Other institutional investors also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. increased its stake in shares of iShares U.S. Technology ETF by 3.2% during the 1st quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock worth $265,000 after purchasing an additional 46 shares during the last quarter. Quantum Financial Partners LLC lifted its stake in iShares U.S. Technology ETF by 5.9% in the third quarter. Quantum Financial Partners LLC now owns 1,027 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 57 shares during the last quarter. Tactive Advisors LLC lifted its stake in iShares U.S. Technology ETF by 1.2% in the second quarter. Tactive Advisors LLC now owns 5,133 shares of the exchange traded fund’s stock valued at $1,295,000 after purchasing an additional 60 shares during the last quarter. Jackson Square Capital LLC grew its holdings in iShares U.S. Technology ETF by 5.8% during the third quarter. Jackson Square Capital LLC now owns 1,119 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 61 shares during the period. Finally, Catalina Capital Group LLC grew its holdings in iShares U.S. Technology ETF by 0.7% during the first quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock valued at $1,601,000 after purchasing an additional 63 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $249.92 on Monday. The stock has a fifty day simple moving average of $256.82 and a two-hundred day simple moving average of $244.13. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The firm 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 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.