iShares U.S. Technology ETF $IYW Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 34.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,033,291 shares of the exchange traded fund’s stock after acquiring an additional 1,031,871 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares U.S. Technology ETF were worth $805,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IYW. AQR Capital Management LLC increased its holdings in shares of iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 3,699 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of iShares U.S. Technology ETF by 9.8% in the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares during the period. First Trust Advisors LP acquired a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $222,000. Main Street Financial Solutions LLC increased its holdings in shares of iShares U.S. Technology ETF by 95.7% in the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the period. Finally, Ieq Capital LLC increased its holdings in shares of iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.7%

NYSEARCA:IYW opened at $241.08 on Wednesday. The firm has a market cap of $23.71 billion, a P/E ratio of 34.95 and a beta of 1.36. The stock’s 50 day simple moving average is $222.69 and its 200-day simple moving average is $205.20. iShares U.S. Technology ETF has a 12-month low of $162.80 and a 12-month high of $261.01.

About iShares U.S. Technology ETF

(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.

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