Independent Financial Group LLC Purchases New Stake in iShares U.S. Technology ETF $IYW

Independent Financial Group LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,950 shares of the exchange traded fund’s stock, valued at approximately $3,075,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 1,031,871 shares during the last quarter. Focus Partners Wealth boosted its position in shares of 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 acquiring an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $41,199,000. Morgan Stanley grew its holdings 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 purchasing an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 valued at $29,662,000 after purchasing an additional 170,036 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.4%

iShares U.S. Technology ETF stock opened at $239.24 on Friday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01. The stock has a market cap of $24.06 billion, a P/E ratio of 34.95 and a beta of 1.35. The company has a 50-day moving average price of $245.67 and a 200 day moving average price of $214.37.

iShares U.S. Technology ETF Company 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.