iShares U.S. Technology ETF $IYW Stock Bought by Summit Financial Consulting LLC

Summit Financial Consulting LLC increased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.4% in the third quarter, Holdings Channel reports. The institutional investor owned 39,621 shares of the exchange traded fund’s stock after buying an additional 7,780 shares during the period. iShares U.S. Technology ETF makes up 7.7% of Summit Financial Consulting LLC’s holdings, making the stock its 3rd largest holding. Summit Financial Consulting LLC’s holdings in iShares U.S. Technology ETF were worth $10,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYW. Go Invest LLC acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $30,000. Monetary Solutions Ltd acquired a new position in iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Sankala Group LLC acquired a new position in iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Tompkins Financial Corp bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $40,000. Finally, Bangor Savings Bank bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $42,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

IYW opened at $258.70 on Friday. The firm has a market cap of $25.09 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The business’s fifty day moving average is $256.98 and its 200-day moving average is $241.19.

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.