Redstone Wealth Management LLC Acquires New Holdings in iShares U.S. Technology ETF $IYW

Redstone Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,277 shares of the exchange traded fund’s stock, valued at approximately $1,253,000. iShares U.S. Technology ETF comprises 1.0% of Redstone Wealth Management LLC’s holdings, making the stock its 16th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in IYW. AQR Capital Management LLC raised its holdings 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 purchasing an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in iShares U.S. Technology ETF by 9.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP bought a new position in iShares U.S. Technology ETF during the 2nd quarter worth approximately $222,000. Main Street Financial Solutions LLC raised its holdings in iShares U.S. Technology ETF by 95.7% during the 2nd 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 last quarter. Finally, Ieq Capital LLC raised its holdings in 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. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $241.77 on Monday. iShares U.S. Technology ETF has a 52-week low of $154.02 and a 52-week high of $243.69. The firm has a 50 day moving average price of $207.39 and a two-hundred day moving average price of $200.99. The firm has a market cap of $23.78 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.