Lakeshore Capital Group Inc. lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 13.6% during the second quarter, HoldingsChannel reports. The fund owned 14,033 shares of the exchange traded fund’s stock after selling 2,208 shares during the quarter. iShares U.S. Technology ETF comprises about 2.2% of Lakeshore Capital Group Inc.’s portfolio, making the stock its 9th largest holding. Lakeshore Capital Group Inc.’s holdings in iShares U.S. Technology ETF were worth $2,432,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Hoey Investments Inc. bought a new stake in iShares U.S. Technology ETF during the 1st quarter worth $27,000. Trust Co. of Vermont bought a new stake in iShares U.S. Technology ETF during the 1st quarter worth $30,000. Park Square Financial Group LLC grew its position in iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in iShares U.S. Technology ETF during the 1st quarter worth $33,000. Finally, SJS Investment Consulting Inc. bought a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $41,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Down 0.8%
Shares of IYW stock opened at $197.79 on Wednesday. The firm has a market capitalization of $21.22 billion, a P/E ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $200.43. The stock’s fifty day simple moving average is $186.81 and its 200 day simple moving average is $166.93.
About iShares U.S. Technology ETF
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).
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