MeadowBrook Investment Advisors LLC Buys Shares of 465 iShares U.S. Technology ETF $IYW

MeadowBrook Investment Advisors LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 465 shares of the exchange traded fund’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hoey Investments Inc. raised its position in iShares U.S. Technology ETF by 31.6% in the second quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 60 shares during the period. True Vision MN LLC raised its holdings in shares of iShares U.S. Technology ETF by 0.4% in the 1st quarter. True Vision MN LLC now owns 19,475 shares of the exchange traded fund’s stock valued at $2,735,000 after buying an additional 72 shares during the period. Resurgent Financial Advisors LLC raised its holdings in shares of iShares U.S. Technology ETF by 2.8% in the 1st quarter. Resurgent Financial Advisors LLC now owns 2,889 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 80 shares during the period. NorthRock Partners LLC raised its holdings in shares of iShares U.S. Technology ETF by 1.5% in the 1st quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 83 shares during the period. Finally, Keystone Wealth Services LLC raised its holdings in shares of iShares U.S. Technology ETF by 0.7% in the 2nd quarter. Keystone Wealth Services LLC now owns 14,098 shares of the exchange traded fund’s stock valued at $2,443,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.9%

IYW stock opened at $211.27 on Thursday. The company has a market capitalization of $22.52 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The business’s fifty day moving average price is $192.60 and its 200 day moving average price is $174.21.

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).