iShares U.S. Technology ETF $IYW Shares Newly Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,534 shares of the exchange traded fund’s stock, valued at approximately $1,201,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in iShares U.S. Technology ETF in the 2nd quarter worth about $200,579,000. Commonwealth Equity Services LLC bought a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $150,156,000. First Merchants Corp bought a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $42,477,000. Patton Albertson Miller Group LLC purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $28,437,000. Finally, Capital Investment Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $27,180,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $235.29 on Friday. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 26.89 and a beta of 1.37. The stock has a 50 day moving average price of $254.40 and a 200 day moving average price of $230.92.

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.