Concord Asset Management LLC VA Makes New $941,000 Investment in iShares U.S. Technology ETF $IYW

Concord Asset Management LLC VA purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,431 shares of the exchange traded fund’s stock, valued at approximately $941,000.

A number of other hedge funds also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 8.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,645 shares of the exchange traded fund’s stock valued at $805,000 after purchasing an additional 361 shares in the last quarter. Lion Street Advisors LLC raised its holdings in iShares U.S. Technology ETF by 9.6% during the 2nd quarter. Lion Street Advisors LLC now owns 2,643 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 232 shares during the period. Griffin Asset Management Inc. bought a new position in iShares U.S. Technology ETF in the second quarter valued at approximately $216,000. MGO One Seven LLC lifted its stake in iShares U.S. Technology ETF by 84.8% in the second quarter. MGO One Seven LLC now owns 28,259 shares of the exchange traded fund’s stock valued at $4,896,000 after buying an additional 12,971 shares in the last quarter. Finally, Presilium Private Wealth LLC acquired a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 3.9%

Shares of NYSEARCA:IYW opened at $192.80 on Monday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $201.50. The company’s fifty day simple moving average is $187.90 and its 200 day simple moving average is $168.13. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15.

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).