Cannon Advisors Inc. Invests $800,000 in iShares U.S. Technology ETF $IYW

Cannon Advisors Inc. acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the exchange traded fund’s stock, valued at approximately $800,000.

A number of other hedge funds have also recently bought and sold shares of IYW. Tsfg LLC raised its holdings in iShares U.S. Technology ETF by 35.4% in the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 58 shares during the last quarter. Greenleaf Trust grew its position in shares of iShares U.S. Technology ETF by 1.0% in the third quarter. Greenleaf Trust now owns 5,715 shares of the exchange traded fund’s stock valued at $1,119,000 after purchasing an additional 58 shares during the period. Hoey Investments Inc. increased its stake in iShares U.S. Technology ETF by 31.6% in the second quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. Montag A & Associates Inc. lifted its position in iShares U.S. Technology ETF by 1.0% during the second quarter. Montag A & Associates Inc. now owns 5,898 shares of the exchange traded fund’s stock worth $1,022,000 after buying an additional 60 shares during the period. Finally, Oldfather Financial Services LLC boosted its stake in iShares U.S. Technology ETF by 3.3% in the 3rd quarter. Oldfather Financial Services LLC now owns 1,909 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $201.75 on Friday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The business has a 50-day moving average of $199.93 and a two-hundred day moving average of $191.33. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.