Olde Wealth Management LLC Invests $1.37 Million in iShares U.S. Technology ETF $IYW

Olde Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,667 shares of the exchange traded fund’s stock, valued at approximately $1,365,000.

Several other hedge funds have also added to or reduced their stakes in IYW. Bell Investment Advisors Inc bought a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $25,000. Bangor Savings Bank bought a new position in shares of iShares U.S. Technology ETF during the third quarter valued at $31,000. Hantz Financial Services Inc. bought a new position in shares of iShares U.S. Technology ETF during the third quarter valued at $31,000. Abound Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth $34,000. Finally, Collier Financial acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth $37,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 1.0%

Shares of iShares U.S. Technology ETF stock opened at $187.24 on Friday. The stock has a market cap of $19.59 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The company’s fifty day moving average is $195.34 and its 200 day moving average is $196.26.

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.