QRG Capital Management Inc. Buys 4,201 Shares of iShares U.S. Technology ETF $IYW

QRG Capital Management Inc. boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 111.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,986 shares of the exchange traded fund’s stock after purchasing an additional 4,201 shares during the quarter. QRG Capital Management Inc.’s holdings in iShares U.S. Technology ETF were worth $1,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 3,699 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in iShares U.S. Technology ETF by 7.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 30,181 shares of the exchange traded fund’s stock worth $5,229,000 after purchasing an additional 2,018 shares during the period. AdvisorNet Financial Inc boosted its position in shares of iShares U.S. Technology ETF by 5.6% during the second quarter. AdvisorNet Financial Inc now owns 10,322 shares of the exchange traded fund’s stock worth $1,789,000 after purchasing an additional 544 shares in the last quarter. Buttonwood Financial Group LLC grew its holdings in shares of iShares U.S. Technology ETF by 31.3% in the 2nd quarter. Buttonwood Financial Group LLC now owns 96,799 shares of the exchange traded fund’s stock valued at $16,865,000 after buying an additional 23,090 shares during the period. Finally, Hoey Investments Inc. grew its holdings in shares of iShares U.S. Technology ETF by 31.6% in the 2nd quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 60 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 2.6%

Shares of iShares U.S. Technology ETF stock opened at $194.71 on Wednesday. The stock’s fifty day simple moving average is $199.40 and its 200 day simple moving average is $192.78. The company has a market capitalization of $20.37 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98.

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). 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.