Summit Financial Consulting LLC Takes Position in iShares U.S. Technology ETF $IYW

Summit Financial Consulting LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,820 shares of the exchange traded fund’s stock, valued at approximately $6,820,000. iShares U.S. Technology ETF makes up about 5.4% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also added to or reduced their stakes in IYW. Bell Investment Advisors Inc bought a new stake in shares of iShares U.S. Technology ETF during the second quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in iShares U.S. Technology ETF during the second quarter valued at approximately $27,000. Bogart Wealth LLC increased its holdings in iShares U.S. Technology ETF by 189.3% during the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 106 shares during the period. Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth approximately $34,000. Finally, Tsfg LLC boosted its holdings in iShares U.S. Technology ETF by 35.4% in the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $202.22 on Wednesday. The firm has a market capitalization of $21.80 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The company has a fifty day moving average price of $200.25 and a 200-day moving average price of $188.20.

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.