Midwest Trust Co Invests $3.35 Million in iShares U.S. Technology ETF $IYW

Midwest Trust Co acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 19,315 shares of the exchange traded fund’s stock, valued at approximately $3,347,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in iShares U.S. Technology ETF in the second quarter valued at about $27,000. Bogart Wealth LLC grew its stake in shares of iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 106 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at about $33,000. Tsfg LLC increased its holdings in shares of iShares U.S. Technology ETF by 35.4% during the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 58 shares in the last quarter. Finally, Private Wealth Asset Management LLC purchased a new position in shares of iShares U.S. Technology ETF in the 2nd quarter valued at approximately $39,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 2.7%

NYSEARCA:IYW opened at $204.85 on Tuesday. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The company has a market cap of $22.08 billion, a PE ratio of 34.95 and a beta of 1.23. The company’s 50 day moving average is $196.26 and its two-hundred day moving average is $178.50.

iShares U.S. Technology ETF Company 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).