iShares U.S. Technology ETF $IYW Shares Purchased by Summit Financial Consulting LLC

Summit Financial Consulting LLC raised its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,621 shares of the exchange traded fund’s stock after acquiring an additional 7,780 shares during the quarter. iShares U.S. Technology ETF makes up about 7.7% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 3rd largest holding. Summit Financial Consulting LLC’s holdings in iShares U.S. Technology ETF were worth $10,496,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IYW. First Merchants Corp bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $42,477,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $6,328,000. Ashurst Perkins Coie Trust Co acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $14,840,000. Mather Group LLC. acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $266,000. Finally, Strategy Asset Managers LLC bought a new position in iShares U.S. Technology ETF during the third quarter worth about $642,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $258.70 on Friday. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The stock has a market capitalization of $25.09 billion, a P/E ratio of 34.95 and a beta of 1.35. The stock has a 50-day simple moving average of $256.98 and a 200 day simple moving average of $241.19.

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.