32,084 Shares of iShares U.S. Technology ETF $IYW Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,084 shares of the exchange traded fund’s stock, valued at approximately $8,499,000. iShares U.S. Technology ETF comprises 1.3% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in IYW. Go Invest LLC acquired a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $30,000. Citizens National Bank Trust Department purchased a new stake in iShares U.S. Technology ETF during the first quarter worth about $31,000. WestEnd Advisors LLC purchased a new stake in iShares U.S. Technology ETF during the third quarter worth about $31,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in iShares U.S. Technology ETF during the third quarter worth about $36,000. Finally, Tompkins Financial Corp acquired a new position in iShares U.S. Technology ETF during the third quarter worth about $40,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.6%

Shares of iShares U.S. Technology ETF stock opened at $240.81 on Thursday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The stock has a market cap of $23.60 billion, a PE ratio of 34.95 and a beta of 1.37. The company has a 50-day moving average of $256.62 and a two-hundred day moving average of $229.94.

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.