Madrid Wealth Management LLC Purchases New Shares in iShares U.S. Technology ETF $IYW

Madrid Wealth Management LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,267 shares of the exchange traded fund’s stock, valued at approximately $652,000.

Several other institutional investors have also added to or reduced their stakes in IYW. Triumph Capital Management purchased a new stake in iShares U.S. Technology ETF in the third quarter worth about $28,000. Bangor Savings Bank bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Collier Financial purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $37,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $41,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $218.11 on Friday. The firm has a market capitalization of $21.42 billion, a P/E ratio of 34.95 and a beta of 1.27. The stock has a 50 day moving average price of $194.62 and a 200-day moving average price of $197.61. iShares U.S. Technology ETF has a 52-week low of $144.44 and a 52-week high of $218.59.

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.