Redstone Wealth Management LLC Takes Position in iShares U.S. Technology ETF $IYW

Redstone Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, Holdings Channel reports. The firm acquired 6,277 shares of the exchange traded fund’s stock, valued at approximately $1,253,000. iShares U.S. Technology ETF comprises approximately 1.0% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds also recently modified their holdings of IYW. AQR Capital Management LLC increased its stake in shares of iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 3,699 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of 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 acquiring an additional 98 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at $222,000. Main Street Financial Solutions LLC increased its stake in shares of 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 acquiring an additional 1,394 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $241.77 on Monday. The company has a fifty day moving average of $207.39 and a 200-day moving average of $200.99. The firm has a market capitalization of $23.78 billion, a P/E ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a twelve month low of $154.02 and a twelve month high of $243.69.

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.