Independent Financial Group LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Independent Financial Group LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 16,950 shares of the exchange traded fund’s stock, valued at approximately $3,075,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Monetary Solutions Ltd acquired a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Sankala Group LLC purchased a new position in iShares U.S. Technology ETF in the 4th quarter valued at approximately $26,000. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $28,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF in the 4th quarter valued at approximately $28,000. Finally, Citizens National Bank Trust Department acquired a new position in shares of iShares U.S. Technology ETF in the first quarter worth $31,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.4%

iShares U.S. Technology ETF stock opened at $239.24 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock’s fifty day simple moving average is $245.67 and its 200-day simple moving average is $214.37. The firm has a market capitalization of $24.06 billion, a P/E ratio of 34.95 and a beta of 1.35.

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.