Valmark Advisers Inc. Acquires 2,555 Shares of iShares U.S. Technology ETF $IYW

Valmark Advisers Inc. lifted its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.3% in the first quarter, HoldingsChannel.com reports. The fund owned 27,378 shares of the exchange traded fund’s stock after buying an additional 2,555 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares U.S. Technology ETF were worth $4,967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. Focus Partners Wealth grew its holdings in iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after buying an additional 255,584 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $41,199,000. Morgan Stanley raised its position in shares of iShares U.S. Technology ETF by 3.3% during 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 during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of iShares U.S. Technology ETF by 14,772.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after buying an additional 170,036 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $250.08 on Monday. The firm has a fifty day moving average price of $244.13 and a 200 day moving average price of $212.97. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

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.