Align Financial LLC Buys Shares of 119,808 iShares U.S. Technology ETF $IYW

Align Financial LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,808 shares of the exchange traded fund’s stock, valued at approximately $23,923,000. Align Financial LLC owned 0.11% of iShares U.S. Technology ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in iShares U.S. Technology ETF in the third quarter valued at about $28,000. Miller Capital Partners Inc. acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $28,000. Kingdom Financial Group LLC. acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $41,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $246.39 on Thursday. The firm has a market cap of $24.23 billion, a P/E ratio of 34.95 and a beta of 1.36. The stock’s 50-day moving average is $230.20 and its 200-day moving average is $207.37. iShares U.S. Technology ETF has a one year low of $162.98 and a one year high of $261.01.

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.