Allen Investment Management LLC lifted its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 94.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,606 shares of the exchange traded fund’s stock after acquiring an additional 5,142 shares during the period. Allen Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $2,118,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. bought a new position in shares of iShares U.S. Technology ETF in the third quarter valued at $31,000. Kingdom Financial Group LLC. bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at $32,000. Collier Financial bought a new position in shares of iShares U.S. Technology ETF in the third quarter valued at $37,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at $41,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Price Performance
IYW stock opened at $257.97 on Tuesday. The company has a fifty day moving average price of $214.63 and a two-hundred day moving average price of $202.97. iShares U.S. Technology ETF has a one year low of $157.63 and a one year high of $259.00. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.
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.
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