Stanich Group LLC Buys New Shares in iShares U.S. Technology ETF (NYSEARCA:IYW)

Stanich Group LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,376 shares of the exchange traded fund’s stock, valued at approximately $1,177,000. iShares U.S. Technology ETF comprises about 0.9% of Stanich Group LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in IYW. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares during the last quarter. Brooklyn Investment Group increased its stake in iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Avion Wealth acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $47,000. Activest Wealth Management acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $52,000. Finally, China Universal Asset Management Co. Ltd. increased its stake in iShares U.S. Technology ETF by 37,900.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 379 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $165.87 on Friday. The firm has a market capitalization of $20.38 billion, a PE ratio of 38.84 and a beta of 1.43. The business has a 50-day moving average of $161.93 and a two-hundred day moving average of $154.90. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $166.83.

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).