Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,243 shares of the exchange traded fund’s stock, valued at approximately $1,827,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of iShares U.S. Technology ETF by 58.1% during the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. raised its position in iShares U.S. Technology ETF by 9.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP purchased a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at $222,000. Main Street Financial Solutions LLC raised its position in iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 166 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $253.31 on Friday. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The company has a market capitalization of $25.09 billion, a P/E ratio of 34.95 and a beta of 1.36. The company’s fifty day moving average is $246.56 and its two-hundred day moving average is $226.17.

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.