Schmidt P J Investment Management Inc. Purchases 32,084 Shares of iShares U.S. Technology ETF $IYW

Schmidt P J Investment Management Inc. purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,084 shares of the exchange traded fund’s stock, valued at approximately $8,499,000. iShares U.S. Technology ETF makes up 1.3% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 23rd biggest holding.

Several other large investors also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC purchased a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $470,000. Ascent Group LLC grew its stake in iShares U.S. Technology ETF by 1.4% during the 3rd quarter. Ascent Group LLC now owns 20,892 shares of the exchange traded fund’s stock worth $5,534,000 after buying an additional 292 shares during the last quarter. Team Financial Group LLC purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $67,000. RFG Holdings Inc. purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $205,000. Finally, Associated Banc Corp purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $529,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.6%

IYW opened at $240.81 on Thursday. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The business’s 50 day moving average is $256.62 and its two-hundred day moving average is $229.94.

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.