Founders Capital Management Boosts Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Founders Capital Management grew its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 105.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 615 shares of the exchange traded fund’s stock after purchasing an additional 315 shares during the period. Founders Capital Management’s holdings in iShares U.S. Technology ETF were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital Market Strategies LLC acquired a new stake in shares of iShares U.S. Technology ETF during the second quarter worth approximately $246,000. Dentgroup LLC grew its position in shares of iShares U.S. Technology ETF by 48.9% during the second quarter. Dentgroup LLC now owns 13,910 shares of the exchange traded fund’s stock worth $1,514,000 after buying an additional 4,570 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in shares of iShares U.S. Technology ETF by 0.9% during the second quarter. Physician Wealth Advisors Inc. now owns 61,148 shares of the exchange traded fund’s stock worth $6,648,000 after buying an additional 530 shares in the last quarter. Gries Financial LLC grew its position in shares of iShares U.S. Technology ETF by 20.7% during the first quarter. Gries Financial LLC now owns 81,868 shares of the exchange traded fund’s stock worth $7,598,000 after buying an additional 14,024 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in iShares U.S. Technology ETF by 49.4% in the first quarter. Oliver Lagore Vanvalin Investment Group now owns 3,172 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 1,049 shares during the period.

iShares U.S. Technology ETF Trading Down 1.3 %

iShares U.S. Technology ETF stock traded down $1.47 during mid-day trading on Friday, reaching $108.58. The company’s stock had a trading volume of 180,109 shares, compared to its average volume of 676,504. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 21.40 and a beta of 1.15. The business has a 50 day moving average price of $109.50 and a 200-day moving average price of $100.52. iShares U.S. Technology ETF has a twelve month low of $69.49 and a twelve month high of $114.17.

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).