Valmark Advisers Inc. Acquires 2,555 Shares of iShares U.S. Technology ETF $IYW

Valmark Advisers Inc. lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,378 shares of the exchange traded fund’s stock after purchasing an additional 2,555 shares during the period. Valmark Advisers Inc.’s holdings in iShares U.S. Technology ETF were worth $4,967,000 at the end of the most recent reporting period.

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

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $250.08 on Monday. The firm has a 50 day moving average of $244.13 and a 200 day moving average of $212.97. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01.

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.