Cardinal Point Capital Management ULC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,849 shares of the exchange traded fund’s stock, valued at approximately $880,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Monetary Solutions Ltd purchased a new stake in iShares U.S. Technology ETF during the fourth quarter valued at $26,000. Sankala Group LLC purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth $28,000. Miller Capital Partners Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth about $32,000. 57.65% of the stock is currently owned by institutional investors.
iShares U.S. Technology ETF Trading Down 0.5%
Shares of NYSEARCA IYW opened at $242.19 on Thursday. The firm’s 50-day moving average price is $235.79 and its 200-day moving average price is $209.09. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12-month low of $169.42 and a 12-month 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.
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