Wagner Wealth Management Corp Purchases New Position in iShares U.S. Technology ETF $IYW

Wagner Wealth Management Corp purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, HoldingsChannel reports. The fund purchased 7,992 shares of the exchange traded fund’s stock, valued at approximately $2,117,000. iShares U.S. Technology ETF comprises 1.7% of Wagner Wealth Management Corp’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after purchasing an additional 31,952 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Technology ETF during the second quarter worth $200,579,000. Hsbc Holdings PLC raised its holdings in iShares U.S. Technology ETF by 10.3% during the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after purchasing an additional 91,338 shares during the last quarter. Kestra Advisory Services LLC boosted its position in iShares U.S. Technology ETF by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after purchasing an additional 48,940 shares in the last quarter. Finally, First Merchants Corp purchased a new stake in iShares U.S. Technology ETF during the third quarter worth $42,477,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW opened at $253.34 on Wednesday. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44. The business’s fifty day moving average is $257.01 and its two-hundred day moving average is $242.73.

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.