hemming& Wealth Management Inc. Buys Shares of 43,241 iShares U.S. Technology ETF $IYW

hemming& Wealth Management Inc. purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 43,241 shares of the exchange traded fund’s stock, valued at approximately $8,634,000. iShares U.S. Technology ETF accounts for about 5.9% of hemming& Wealth Management Inc.’s portfolio, making the stock its 8th largest position.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the period. Focus Partners Wealth increased its stake in iShares U.S. Technology ETF by 450.1% in the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth $41,199,000. Morgan Stanley raised its holdings in iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after purchasing an additional 186,297 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in iShares U.S. Technology ETF by 14,772.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after purchasing an additional 170,036 shares in the last quarter. Hedge funds and other 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 $253.57 on Friday. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a fifty-two week low of $162.98 and a fifty-two week high of $261.01. The stock’s fifty day moving average is $232.73 and its two-hundred day moving average is $208.07.

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.