Lane Brothers & Co. Inc. Acquires New Position in iShares U.S. Technology ETF $IYW

Lane Brothers & Co. Inc. acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, Holdings Channel.com reports. The fund acquired 5,070 shares of the exchange traded fund’s stock, valued at approximately $1,012,000. iShares U.S. Technology ETF accounts for approximately 0.7% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 27th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings 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 in the last quarter. Russell Investments Group Ltd. grew its stake in iShares U.S. Technology ETF by 9.8% in the second 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 in the last quarter. First Trust Advisors LP purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $222,000. Main Street Financial Solutions LLC increased 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 worth $494,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC increased its position in 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 worth $3,612,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $253.57 on Friday. The company has a market capitalization of $24.94 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a fifty-two week low of $162.98 and a fifty-two week high of $261.01. The business has a 50-day moving average of $232.73 and a 200-day moving average of $208.07.

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.