Stonebrook Private Inc. Makes New Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Stonebrook Private Inc. acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, Holdings Channel reports. The institutional investor acquired 3,373 shares of the exchange traded fund’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in shares of iShares U.S. Technology ETF by 38.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after purchasing an additional 2,928,731 shares during the period. Dynasty Wealth Management LLC bought a new stake in iShares U.S. Technology ETF in the 1st quarter worth $119,223,000. Janney Montgomery Scott LLC bought a new stake in iShares U.S. Technology ETF in the 4th quarter worth $81,091,000. Cetera Investment Advisers increased its position in shares of iShares U.S. Technology ETF by 131.6% in the first quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock valued at $100,350,000 after acquiring an additional 422,212 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares U.S. Technology ETF by 45.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after acquiring an additional 393,079 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW traded down $3.34 during trading hours on Friday, hitting $137.70. The company’s stock had a trading volume of 1,267,038 shares, compared to its average volume of 908,005. iShares U.S. Technology ETF has a 12 month low of $100.84 and a 12 month high of $158.97. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The business has a 50-day simple moving average of $147.08 and a 200-day simple moving average of $140.53.

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).