Freedom Investment Management Inc. Raises Stock Position in iShares U.S. Technology ETF $IYW

Freedom Investment Management Inc. increased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 110.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the exchange traded fund’s stock after purchasing an additional 1,486 shares during the period. Freedom Investment Management Inc.’s holdings in iShares U.S. Technology ETF were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IYW. Hoey Investments Inc. purchased a new position in shares of iShares U.S. Technology ETF during the first quarter worth $27,000. Trust Co. of Vermont purchased a new position in shares of iShares U.S. Technology ETF during the first quarter worth $30,000. Park Square Financial Group LLC raised its holdings in shares of iShares U.S. Technology ETF by 588.2% during the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the first quarter worth $33,000. Finally, Tidemark LLC raised its holdings in shares of iShares U.S. Technology ETF by 56.0% during the first quarter. Tidemark LLC now owns 301 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $182.85 on Thursday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $186.63. The firm has a fifty day moving average price of $177.74 and a 200 day moving average price of $159.58. The stock has a market cap of $22.87 billion, a PE ratio of 34.95 and a beta of 1.15.

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).