Tower Research Capital LLC TRC purchased a new stake in iShares Dow Jones US Technology (NYSEARCA:IYW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,560 shares of the exchange traded fund’s stock, valued at approximately $1,475,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYW. SPC Financial Inc. grew its stake in shares of iShares Dow Jones US Technology by 1.3% during the second quarter. SPC Financial Inc. now owns 78,678 shares of the exchange traded fund’s stock valued at $10,993,000 after acquiring an additional 980 shares in the last quarter. Mechanics Bank Trust Department grew its stake in shares of iShares Dow Jones US Technology by 9.1% during the second quarter. Mechanics Bank Trust Department now owns 26,410 shares of the exchange traded fund’s stock valued at $3,690,000 after acquiring an additional 2,196 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of iShares Dow Jones US Technology by 32.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 126,460 shares of the exchange traded fund’s stock valued at $17,669,000 after acquiring an additional 30,666 shares in the last quarter. Rand Wealth LLC grew its stake in shares of iShares Dow Jones US Technology by 2.4% during the second quarter. Rand Wealth LLC now owns 4,327 shares of the exchange traded fund’s stock valued at $605,000 after acquiring an additional 100 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of iShares Dow Jones US Technology by 83.8% during the second quarter. IFP Advisors Inc now owns 16,876 shares of the exchange traded fund’s stock valued at $2,358,000 after acquiring an additional 7,693 shares in the last quarter.

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Shares of iShares Dow Jones US Technology (NYSEARCA:IYW) traded up 0.32% during mid-day trading on Friday, hitting $152.28. The stock had a trading volume of 93,168 shares. iShares Dow Jones US Technology has a 52 week low of $114.68 and a 52 week high of $152.32. The stock has a 50-day moving average price of $148.57 and a 200 day moving average price of $143.07.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 27th were issued a $0.3408 dividend. This represents a $1.36 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Tuesday, September 26th. This is an increase from iShares Dow Jones US Technology’s previous quarterly dividend of $0.33.

About iShares Dow Jones US Technology

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).

Institutional Ownership by Quarter for iShares Dow Jones US Technology (NYSEARCA:IYW)

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