iShares U.S. Technology ETF $IYW Shares Bought by Essex LLC

Essex LLC lifted its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 25.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 48,987 shares of the exchange traded fund’s stock after purchasing an additional 9,962 shares during the quarter. iShares U.S. Technology ETF makes up 1.7% of Essex LLC’s portfolio, making the stock its 13th largest holding. Essex LLC’s holdings in iShares U.S. Technology ETF were worth $8,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IYW. Trust Co. of Vermont acquired a new position in iShares U.S. Technology ETF during the 1st quarter valued at about $30,000. Private Wealth Asset Management LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter worth approximately $39,000. Park Square Financial Group LLC boosted its holdings in shares of iShares U.S. Technology ETF by 588.2% in the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $41,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at approximately $33,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $194.73 on Wednesday. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $201.50. The stock’s 50 day moving average price is $188.52 and its 200 day moving average price is $168.71.

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).