Lido Advisors LLC Purchases New Shares in iShares U.S. Technology ETF $IYW

Lido Advisors LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 57,486 shares of the exchange traded fund’s stock, valued at approximately $15,228,000. Lido Advisors LLC owned about 0.06% of iShares U.S. Technology ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Go Invest LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $30,000. WestEnd Advisors LLC bought a new stake in iShares U.S. Technology ETF in the third quarter worth $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in iShares U.S. Technology ETF in the third quarter worth $36,000. Tompkins Financial Corp purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at $40,000. Finally, Bangor Savings Bank bought a new position in iShares U.S. Technology ETF during the third quarter valued at $42,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 2.6%

IYW stock opened at $236.70 on Thursday. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The firm has a market capitalization of $23.58 billion, a P/E ratio of 26.89 and a beta of 1.37. The company has a fifty day simple moving average of $254.66 and a two-hundred day simple moving average of $230.75.

About iShares U.S. Technology ETF

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.