HT Partners LLC Buys 2,612 Shares of iShares U.S. Technology ETF $IYW

HT Partners LLC purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,612 shares of the exchange traded fund’s stock, valued at approximately $692,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $200,579,000. First Merchants Corp purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $42,477,000. Hsbc Holdings PLC boosted its holdings in shares of iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after purchasing an additional 91,338 shares during the period. Ashurst Perkins Coie Trust Co purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $14,840,000. Finally, Mechanics Bank Trust Department bought a new position in iShares U.S. Technology ETF in the third quarter worth approximately $13,887,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

IYW traded down $0.30 during trading on Tuesday, hitting $253.96. 235,836 shares of the stock were exchanged, compared to its average volume of 1,068,120. The firm has a 50 day simple moving average of $256.96 and a 200 day simple moving average of $242.25. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44.

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.