Maripau Wealth Management LLC Purchases New Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Maripau Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,569 shares of the exchange traded fund’s stock, valued at approximately $888,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC boosted its position in iShares U.S. Technology ETF by 1.1% during the third quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock worth $31,677,000 after purchasing an additional 2,312 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in iShares U.S. Technology ETF by 30.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,873 shares of the exchange traded fund’s stock worth $890,000 after purchasing an additional 1,373 shares during the period. Catalyst Financial Partners LLC bought a new position in iShares U.S. Technology ETF during the third quarter worth about $244,000. HM Payson & Co. boosted its position in iShares U.S. Technology ETF by 9.3% during the third quarter. HM Payson & Co. now owns 2,504 shares of the exchange traded fund’s stock worth $380,000 after purchasing an additional 214 shares during the period. Finally, Forte Asset Management LLC boosted its position in iShares U.S. Technology ETF by 9.9% during the third quarter. Forte Asset Management LLC now owns 31,500 shares of the exchange traded fund’s stock worth $4,776,000 after purchasing an additional 2,849 shares during the period.

iShares U.S. Technology ETF Trading Up 1.6 %

IYW stock opened at $154.66 on Friday. The firm has a 50 day moving average of $161.56 and a 200-day moving average of $156.24. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $167.30. The firm has a market capitalization of $19.43 billion, a P/E ratio of 35.73 and a beta of 1.14.

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).