StoneX Group Inc. Makes New Investment in iShares U.S. Technology ETF $IYW

StoneX Group Inc. bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, Holdings Channel reports. The fund bought 6,788 shares of the exchange traded fund’s stock, valued at approximately $1,713,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after acquiring an additional 31,952 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after purchasing an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Technology ETF during the second quarter worth approximately $200,579,000. Commonwealth Equity Services LLC acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $150,156,000. Finally, Kestra Advisory Services LLC raised its stake in shares of iShares U.S. Technology ETF by 1.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 483,241 shares of the exchange traded fund’s stock valued at $128,011,000 after acquiring an additional 5,513 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $234.02 on Tuesday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $274.44. The company has a fifty day moving average price of $255.29 and a two-hundred day moving average price of $230.41. The company has a market cap of $23.18 billion, a PE ratio of 34.95 and a beta of 1.37.

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.