2,569 Shares of iShares U.S. Technology ETF $IYW Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,569 shares of the exchange traded fund’s stock, valued at approximately $680,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after purchasing an additional 31,952 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at approximately $200,579,000. Hsbc Holdings PLC boosted its holdings in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after buying an additional 91,338 shares during the period. Kestra Advisory Services LLC boosted its holdings in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares during the period. Finally, First Merchants Corp bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $42,477,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $249.92 on Monday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm has a 50 day simple moving average of $256.82 and a 200 day simple moving average of $244.13.

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.