Westmount Partners LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Westmount Partners LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the first quarter, HoldingsChannel reports. The firm bought 4,530 shares of the exchange traded fund’s stock, valued at approximately $822,000.

Other hedge funds have also modified their holdings of the company. Morgan Stanley boosted its stake in shares of iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after buying an additional 186,297 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the period. UBS Group AG raised its position in iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares in the last quarter. Raymond James Financial Inc. raised its position in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after acquiring an additional 97,389 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $253.57 on Friday. The company has a market cap of $24.94 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a one year low of $162.98 and a one year high of $261.01. The business has a fifty day moving average of $232.73 and a two-hundred day moving average of $208.07.

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.