iShares U.S. Technology ETF $IYW Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 99.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 107,427 shares of the exchange traded fund’s stock after buying an additional 53,466 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of iShares U.S. Technology ETF worth $21,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its stake in iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares during the period. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Technology ETF by 52.6% during the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after buying an additional 401,472 shares during the period. Parker Investment Management LLC grew its holdings in iShares U.S. Technology ETF by 126.4% in the 2nd quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock worth $121,413,000 after buying an additional 391,273 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in iShares U.S. Technology ETF by 41.1% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 737,156 shares of the exchange traded fund’s stock valued at $144,379,000 after acquiring an additional 214,654 shares during the period. Finally, Pinkerton Wealth LLC bought a new stake in iShares U.S. Technology ETF during the 2nd quarter valued at $34,296,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $193.49 on Friday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm has a market capitalization of $20.25 billion, a PE ratio of 34.95 and a beta of 1.23. The stock has a fifty day moving average of $199.87 and a two-hundred day moving average of $194.59.

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.