iShares U.S. Technology ETF $IYW Shares Newly Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, Holdings Channel reports. The fund purchased 2,968 shares of the exchange traded fund’s stock, valued at approximately $786,000.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $200,579,000. First Merchants Corp acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $42,477,000. Capital Investment Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $27,180,000. Hsbc Holdings PLC lifted 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 buying an additional 91,338 shares in the last quarter. Finally, Fifth Third Securities Inc. purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $19,595,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

IYW stock traded up $0.96 on Friday, reaching $249.92. The company had a trading volume of 1,021,554 shares, compared to its average volume of 1,067,895. The company’s fifty day moving average is $256.82 and its 200 day moving average is $243.73. The company has a market cap of $24.19 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44.

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.