iShares U.S. Technology ETF $IYW Position Increased by Penobscot Wealth Management

Penobscot Wealth Management increased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 81.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,180 shares of the exchange traded fund’s stock after acquiring an additional 2,331 shares during the period. Penobscot Wealth Management’s holdings in iShares U.S. Technology ETF were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IYW. The Manufacturers Life Insurance Company raised its holdings in shares of iShares U.S. Technology ETF by 113.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after acquiring an additional 542,816 shares in the last quarter. Liberty Wealth Management LLC raised its holdings in shares of iShares U.S. Technology ETF by 795.5% during the first quarter. Liberty Wealth Management LLC now owns 416,723 shares of the exchange traded fund’s stock worth $58,525,000 after acquiring an additional 370,190 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in iShares U.S. Technology ETF by 597.9% during the first quarter. Ashton Thomas Private Wealth LLC now owns 322,863 shares of the exchange traded fund’s stock valued at $45,343,000 after buying an additional 276,601 shares in the last quarter. LPL Financial LLC raised its holdings in iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock valued at $749,354,000 after buying an additional 224,438 shares in the last quarter. Finally, PGIM Custom Harvest LLC raised its holdings in iShares U.S. Technology ETF by 4.4% during the first quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock valued at $636,019,000 after buying an additional 192,008 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $203.09 on Monday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $203.85. The stock’s 50-day moving average is $190.92 and its two-hundred day moving average is $172.67. The firm has a market cap of $21.66 billion, a P/E ratio of 34.95 and a beta of 1.15.

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).