Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 7,243 shares of the exchange traded fund’s stock, valued at approximately $1,827,000.

Several other large investors have also modified their holdings of the stock. Morgan Stanley increased its stake in iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after buying an additional 186,297 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the period. UBS Group AG lifted its stake in shares of iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.3%

Shares of iShares U.S. Technology ETF stock opened at $253.31 on Friday. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $261.01. The company’s 50-day simple moving average is $246.56 and its 200-day simple moving average is $226.17. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36.

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.