iShares U.S. Technology ETF $IYW Position Raised by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1,022.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,045 shares of the exchange traded fund’s stock after purchasing an additional 31,011 shares during the period. Fifth Third Bancorp’s holdings in iShares U.S. Technology ETF were worth $6,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $26,000. Sankala Group LLC bought a new position in iShares U.S. Technology ETF during the fourth quarter valued at about $26,000. Triumph Capital Management bought a new position in iShares U.S. Technology ETF during the third quarter valued at about $28,000. Miller Capital Partners Inc. acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth about $28,000. Finally, Kingdom Financial Group LLC. acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth about $32,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Trading Down 2.3%

Shares of NYSEARCA IYW opened at $242.70 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm has a 50-day moving average of $245.65 and a two-hundred day moving average of $214.19.

iShares U.S. Technology ETF Company 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.