Johnson Investment Counsel Inc. Grows Position in iShares U.S. Technology ETF $IYW

Johnson Investment Counsel Inc. grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,687 shares of the exchange traded fund’s stock after purchasing an additional 5,429 shares during the period. Johnson Investment Counsel Inc.’s holdings in iShares U.S. Technology ETF were worth $9,822,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares in the last quarter. PGIM Custom Harvest LLC boosted its stake in shares of iShares U.S. Technology ETF by 4.4% during the 1st quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after acquiring an additional 192,008 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after acquiring an additional 542,816 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of iShares U.S. Technology ETF by 8.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 945,244 shares of the exchange traded fund’s stock worth $132,750,000 after acquiring an additional 72,139 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of iShares U.S. Technology ETF by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 703,233 shares of the exchange traded fund’s stock worth $98,762,000 after acquiring an additional 10,647 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 3.9%

IYW stock opened at $192.80 on Monday. The firm has a market cap of $20.46 billion, a P/E ratio of 34.95 and a beta of 1.15. The company’s 50-day simple moving average is $187.90 and its 200-day simple moving average is $168.13. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $201.50.

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).