Stonebrook Private Inc. Makes New $508,000 Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Stonebrook Private Inc. purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,373 shares of the exchange traded fund’s stock, valued at approximately $508,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in iShares U.S. Technology ETF by 45.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after buying an additional 393,079 shares in the last quarter. Dodds Wealth LLC purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $235,000. Calton & Associates Inc. bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $329,000. Hanlon Investment Management Inc. raised its stake in iShares U.S. Technology ETF by 24.1% in the fourth quarter. Hanlon Investment Management Inc. now owns 3,686 shares of the exchange traded fund’s stock valued at $452,000 after purchasing an additional 716 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in iShares U.S. Technology ETF by 9.7% during the first quarter. SeaCrest Wealth Management LLC now owns 6,319 shares of the exchange traded fund’s stock valued at $853,000 after purchasing an additional 560 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

IYW stock traded down $3.34 during midday trading on Friday, reaching $137.70. The company had a trading volume of 1,267,038 shares, compared to its average volume of 908,005. The firm has a 50-day moving average price of $147.08 and a 200-day moving average price of $140.53. The company has a market capitalization of $16.92 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1 year low of $100.84 and a 1 year high of $158.97.

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).