PFG Advisors Purchases Shares of 2,680 iShares U.S. Technology ETF $IYW

PFG Advisors purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,680 shares of the exchange traded fund’s stock, valued at approximately $525,000.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of iShares U.S. Technology ETF by 99.1% in the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock valued at $21,041,000 after buying an additional 53,466 shares during the period. Compound Planning Inc. raised its stake in iShares U.S. Technology ETF by 10.7% during the 3rd quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after buying an additional 13,045 shares during the period. Clear Creek Financial Management LLC boosted its holdings in iShares U.S. Technology ETF by 32.2% in the third quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock worth $2,319,000 after acquiring an additional 2,882 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in iShares U.S. Technology ETF in the third quarter worth approximately $1,093,000. Finally, HB Wealth Management LLC grew its stake in iShares U.S. Technology ETF by 48.2% in the third quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock valued at $3,274,000 after acquiring an additional 5,439 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 1.9%

NYSEARCA IYW opened at $189.04 on Friday. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The business has a 50 day moving average price of $195.60 and a 200-day moving average price of $196.22.

iShares U.S. Technology ETF 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.