Zhang Financial LLC Purchases New Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Zhang Financial LLC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,337 shares of the exchange traded fund’s stock, valued at approximately $287,000.

Several other hedge funds also recently added to or reduced their stakes in IYW. Nicolet Advisory Services LLC grew its stake in iShares U.S. Technology ETF by 3.2% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,919 shares of the exchange traded fund’s stock worth $308,000 after acquiring an additional 91 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in iShares U.S. Technology ETF by 1.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 11,620 shares of the exchange traded fund’s stock worth $1,219,000 after acquiring an additional 115 shares in the last quarter. Eudaimonia Partners LLC grew its stake in iShares U.S. Technology ETF by 1.4% in the 3rd quarter. Eudaimonia Partners LLC now owns 9,081 shares of the exchange traded fund’s stock worth $953,000 after acquiring an additional 126 shares in the last quarter. American Trust grew its stake in iShares U.S. Technology ETF by 3.5% in the 4th quarter. American Trust now owns 3,764 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 128 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in iShares U.S. Technology ETF by 3.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,400 shares of the exchange traded fund’s stock worth $453,000 after acquiring an additional 137 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $124.75 on Friday. The company has a market capitalization of $15.22 billion, a P/E ratio of 40.59 and a beta of 1.39. The company’s 50-day simple moving average is $133.22 and its two-hundred day simple moving average is $123.12. iShares U.S. Technology ETF has a one year low of $88.64 and a one year high of $137.54.

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).