Summit Financial Consulting LLC Invests $6.82 Million in iShares U.S. Technology ETF $IYW

by · The Cerbat Gem

Summit Financial Consulting LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 34,820 shares of the exchange traded fund’s stock, valued at approximately $6,820,000. iShares U.S. Technology ETF comprises about 5.4% of Summit Financial Consulting LLC’s portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC raised its position in iShares U.S. Technology ETF by 18,553.4% during the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after purchasing an additional 97,389 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of iShares U.S. Technology ETF by 52.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after purchasing an additional 401,472 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after buying an additional 27,056 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after buying an additional 542,816 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $202.22 on Wednesday. The stock has a market capitalization of $21.80 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The firm’s 50 day simple moving average is $200.25 and its two-hundred day simple moving average is $188.20.

iShares U.S. Technology ETF Company Profile

(Free Report)

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.

See Also

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