Assetmark Inc. Acquires 46,255 Shares of iShares U.S. Technology ETF $IYW

Assetmark Inc. grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 85.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,163 shares of the exchange traded fund’s stock after acquiring an additional 46,255 shares during the period. Assetmark Inc. owned 0.09% of iShares U.S. Technology ETF worth $19,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bell Investment Advisors Inc acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $25,000. Harbor Asset Planning Inc. bought a new position in shares of iShares U.S. Technology ETF in the second quarter valued at $27,000. Bangor Savings Bank bought a new position in shares of iShares U.S. Technology ETF in the third quarter valued at $31,000. Hantz Financial Services Inc. acquired a new position in iShares U.S. Technology ETF during the third quarter worth $31,000. Finally, Bogart Wealth LLC raised its position in iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $190.54 on Friday. The company has a market cap of $19.94 billion, a PE ratio of 34.95 and a beta of 1.23. The firm has a 50-day moving average of $199.12 and a 200-day moving average of $195.07. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98.

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). 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.