Accredited Investors Inc. Has $1.24 Million Stock Position in iShares U.S. Technology ETF $IYW

Accredited Investors Inc. increased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 181.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,814 shares of the exchange traded fund’s stock after buying an additional 4,390 shares during the period. Accredited Investors Inc.’s holdings in iShares U.S. Technology ETF were worth $1,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYW. AQR Capital Management LLC lifted its position in iShares U.S. Technology ETF by 58.1% during the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of iShares U.S. Technology ETF by 9.8% in the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at about $222,000. Main Street Financial Solutions LLC increased its stake in shares of iShares U.S. Technology ETF by 95.7% in the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 1,394 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 166 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $249.28 on Friday. The stock has a 50-day simple moving average of $243.44 and a 200 day simple moving average of $212.63. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock has a market capitalization of $25.08 billion, a PE ratio of 34.95 and a beta of 1.35.

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.