Bedminster LLC Takes $925,000 Position in iShares U.S. Technology ETF $IYW

Bedminster LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,630 shares of the exchange traded fund’s stock, valued at approximately $925,000. iShares U.S. Technology ETF makes up approximately 0.8% of Bedminster LLC’s holdings, making the stock its 20th largest holding.

A number of other large investors have also recently made changes to their positions in IYW. Tilson Financial Group Inc. lifted its holdings in iShares U.S. Technology ETF by 7.4% in the 4th quarter. Tilson Financial Group Inc. now owns 2,528 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 174 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in iShares U.S. Technology ETF by 131.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 22,985 shares of the exchange traded fund’s stock worth $4,590,000 after purchasing an additional 13,037 shares in the last quarter. Allworth Financial LP lifted its holdings in iShares U.S. Technology ETF by 24.1% in the 4th quarter. Allworth Financial LP now owns 12,319 shares of the exchange traded fund’s stock worth $2,460,000 after purchasing an additional 2,396 shares in the last quarter. Castle Rock Wealth Management LLC lifted its holdings in iShares U.S. Technology ETF by 2.6% in the 4th quarter. Castle Rock Wealth Management LLC now owns 10,989 shares of the exchange traded fund’s stock worth $2,123,000 after purchasing an additional 282 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in iShares U.S. Technology ETF by 32.7% in the 4th quarter. Atria Investments Inc now owns 59,241 shares of the exchange traded fund’s stock worth $11,829,000 after purchasing an additional 14,595 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 1.0%

NYSEARCA IYW opened at $243.06 on Friday. The stock’s 50 day moving average is $201.73 and its 200 day moving average is $199.74. iShares U.S. Technology ETF has a 12 month low of $154.02 and a 12 month high of $243.69. The stock has a market cap of $23.90 billion, a PE ratio of 34.95 and a beta of 1.33.

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.