Park Avenue Securities LLC Makes New Investment in iShares U.S. Technology ETF $IYW

Park Avenue Securities LLC bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, HoldingsChannel.com reports. The firm bought 96,381 shares of the exchange traded fund’s stock, valued at approximately $25,531,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of iShares U.S. Technology ETF by 2.4% in 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 buying an additional 31,952 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after acquiring an additional 91,338 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Technology ETF during the second quarter valued at $200,579,000. Kestra Advisory Services LLC lifted its holdings in iShares U.S. Technology ETF by 11.0% in the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock valued at $89,868,000 after acquiring an additional 48,940 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in iShares U.S. Technology ETF by 10.6% in the first quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock worth $41,995,000 after purchasing an additional 22,151 shares during the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $252.88 on Tuesday. The stock’s 50-day simple moving average is $256.81 and its two-hundred day simple moving average is $228.35. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44.

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.