Cardinal Point Capital Management ULC Takes $880,000 Position in iShares U.S. Technology ETF $IYW

Cardinal Point Capital Management ULC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,849 shares of the exchange traded fund’s stock, valued at approximately $880,000.

A number of other institutional investors also recently bought and sold shares of the stock. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF during the fourth quarter worth $26,000. Sankala Group LLC bought a new position in iShares U.S. Technology ETF during the fourth quarter valued at $26,000. Triumph Capital Management purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $28,000. Miller Capital Partners Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth about $32,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Trading Down 0.5%

IYW stock opened at $242.19 on Thursday. iShares U.S. Technology ETF has a 12 month low of $169.42 and a 12 month high of $261.01. The company has a 50-day moving average price of $235.79 and a 200 day moving average price of $209.09. The stock has a market cap of $23.82 billion, a PE ratio of 34.95 and a beta of 1.36.

iShares U.S. Technology ETF Company 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.