High Point Wealth Management LLC Takes Position in iShares U.S. Technology ETF $IYW
by Scott Moore · The Cerbat GemHigh Point Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 52,598 shares of the exchange traded fund’s stock, valued at approximately $10,503,000. iShares U.S. Technology ETF accounts for approximately 9.9% of High Point Wealth Management LLC’s holdings, making the stock its biggest holding. High Point Wealth Management LLC owned 0.05% of iShares U.S. Technology ETF at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in IYW. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $28,000. Bangor Savings Bank bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $31,000. Hantz Financial Services Inc. bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $31,000. Collier Financial bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $37,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $41,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Up 2.7%
Shares of IYW stock opened at $217.17 on Friday. The company’s fifty day simple moving average is $192.57 and its 200-day simple moving average is $197.08. The firm has a market cap of $21.41 billion, a PE ratio of 34.95 and a beta of 1.27. iShares U.S. Technology ETF has a 12 month low of $138.77 and a 12 month high of $217.36.
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.