Harborfront Financial Group LLC Invests $1.31 Million in iShares U.S. Technology ETF $IYW

Harborfront Financial Group LLC purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,561 shares of the exchange traded fund’s stock, valued at approximately $1,310,000. iShares U.S. Technology ETF accounts for approximately 9.8% of Harborfront Financial Group LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors also recently modified their holdings of IYW. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Technology ETF by 34.4% during 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 acquiring an additional 1,031,871 shares during the period. Focus Partners Wealth lifted its position in shares of iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after acquiring an additional 255,584 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at $41,199,000. Morgan Stanley lifted its position in shares of iShares U.S. Technology ETF by 3.3% during the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after acquiring an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of iShares U.S. Technology ETF by 14,772.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after acquiring an additional 170,036 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 3.7%

iShares U.S. Technology ETF stock opened at $253.97 on Tuesday. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The firm’s fifty day moving average is $227.74 and its 200 day moving average is $206.66. The company has a market capitalization of $24.98 billion, a PE ratio of 34.95 and a beta of 1.36.

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.