iShares U.S. Technology ETF $IYW Stake Lifted by Perkins Coie Trust Co

Perkins Coie Trust Co boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 54,151 shares of the exchange traded fund’s stock after purchasing an additional 3,680 shares during the period. iShares U.S. Technology ETF accounts for 2.0% of Perkins Coie Trust Co’s holdings, making the stock its 11th biggest holding. Perkins Coie Trust Co’s holdings in iShares U.S. Technology ETF were worth $10,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of iShares U.S. Technology ETF by 28.5% in the 1st quarter. Russell Investments Group Ltd. now owns 996 shares of the exchange traded fund’s stock worth $140,000 after acquiring an additional 221 shares during the period. Kovitz Investment Group Partners LLC grew its position in iShares U.S. Technology ETF by 32.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,177 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 536 shares during the last quarter. Summit Financial LLC increased its stake in shares of iShares U.S. Technology ETF by 84.2% in the first quarter. Summit Financial LLC now owns 2,909 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 1,330 shares during the period. Barnes Wealth Management Group Inc raised its holdings in shares of iShares U.S. Technology ETF by 3.7% during the first quarter. Barnes Wealth Management Group Inc now owns 11,081 shares of the exchange traded fund’s stock valued at $1,556,000 after buying an additional 391 shares during the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of iShares U.S. Technology ETF by 11.6% during the first quarter. Compound Planning Inc. now owns 114,734 shares of the exchange traded fund’s stock valued at $16,113,000 after buying an additional 11,893 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $199.75 on Friday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50 day simple moving average of $200.03 and a 200 day simple moving average of $187.29.

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.