Lane Brothers & Co. Inc. Invests $1.01 Million in iShares U.S. Technology ETF $IYW

Lane Brothers & Co. Inc. purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,070 shares of the exchange traded fund’s stock, valued at approximately $1,012,000. iShares U.S. Technology ETF accounts for 0.7% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 27th biggest holding.

Other hedge funds have also made changes to their positions in the company. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF during the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at $26,000. Miller Capital Partners Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $28,000. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $253.57 on Friday. iShares U.S. Technology ETF has a 1-year low of $162.98 and a 1-year high of $261.01. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The stock’s fifty day simple moving average is $232.73 and its 200-day simple 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.