Fifth Third Bancorp raised its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,848 shares of the exchange traded fund’s stock after acquiring an additional 163 shares during the period. Fifth Third Bancorp’s holdings in iShares U.S. Technology ETF were worth $493,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in IYW. Hoey Investments Inc. bought a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $27,000. Trust Co. of Vermont bought a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $30,000. Park Square Financial Group LLC boosted its stake in shares of iShares U.S. Technology ETF by 588.2% in the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 200 shares during the period. SJS Investment Consulting Inc. bought a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $41,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $33,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Up 0.5%
Shares of IYW stock opened at $194.93 on Tuesday. The stock has a market cap of $24.38 billion, a P/E ratio of 34.95 and a beta of 1.15. The stock has a 50 day simple moving average of $184.64 and a 200 day simple moving average of $164.90. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $197.11.
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).
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