Detalus Advisors LLC Purchases New Stake in iShares U.S. Technology ETF $IYW

Detalus Advisors LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, HoldingsChannel reports. The firm purchased 7,346 shares of the exchange traded fund’s stock, valued at approximately $1,467,000.

Several other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth $28,000. Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at about $31,000. Hantz Financial Services Inc. acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at about $31,000. Collier Financial acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at about $37,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $41,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.1%

Shares of IYW stock opened at $232.26 on Friday. The business’s 50-day moving average price is $196.92 and its 200-day moving average price is $198.33. iShares U.S. Technology ETF has a 12 month low of $147.24 and a 12 month high of $234.84. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

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.