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

Bedminster LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,630 shares of the exchange traded fund’s stock, valued at approximately $925,000. iShares U.S. Technology ETF comprises about 0.8% of Bedminster LLC’s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tilson Financial Group Inc. lifted its position in shares of iShares U.S. Technology ETF by 7.4% during the 4th quarter. Tilson Financial Group Inc. now owns 2,528 shares of the exchange traded fund’s stock valued at $505,000 after buying an additional 174 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of iShares U.S. Technology ETF by 131.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 22,985 shares of the exchange traded fund’s stock valued at $4,590,000 after buying an additional 13,037 shares in the last quarter. Allworth Financial LP lifted its position in shares of iShares U.S. Technology ETF by 24.1% during the 4th quarter. Allworth Financial LP now owns 12,319 shares of the exchange traded fund’s stock valued at $2,460,000 after buying an additional 2,396 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in shares of iShares U.S. Technology ETF by 2.6% during the 4th quarter. Castle Rock Wealth Management LLC now owns 10,989 shares of the exchange traded fund’s stock valued at $2,123,000 after buying an additional 282 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of iShares U.S. Technology ETF by 32.7% during the 4th quarter. Atria Investments Inc now owns 59,241 shares of the exchange traded fund’s stock valued at $11,829,000 after buying an additional 14,595 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 1.0%

IYW stock opened at $243.06 on Friday. iShares U.S. Technology ETF has a twelve month low of $154.02 and a twelve month high of $243.69. The stock has a market cap of $23.90 billion, a P/E ratio of 34.95 and a beta of 1.33. The business’s 50-day moving average price is $201.73 and its 200-day moving average price is $199.74.

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.