2,046 Shares in iShares U.S. Technology ETF $IYW Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,046 shares of the exchange traded fund’s stock, valued at approximately $542,000.

A number of other institutional investors also recently made changes to their positions in IYW. Envestnet Asset Management Inc. increased its position in iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after purchasing an additional 31,952 shares in the last quarter. Hsbc Holdings PLC raised its stake in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after purchasing an additional 91,338 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $200,579,000. Kestra Advisory Services LLC lifted its holdings in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock valued at $89,868,000 after purchasing an additional 48,940 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in iShares U.S. Technology ETF by 10.6% in the 1st quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock valued at $41,995,000 after purchasing an additional 22,151 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 2.9%

Shares of iShares U.S. Technology ETF stock traded down $7.46 during mid-day trading on Friday, hitting $251.24. 984,968 shares of the stock were exchanged, compared to its average volume of 1,075,354. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The company has a 50-day simple moving average of $256.92 and a 200 day simple moving average of $241.26.

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.