CIBC Bancorp USA Inc. Makes New $12.51 Million Investment in iShares U.S. Technology ETF $IYW

CIBC Bancorp USA Inc. acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 63,892 shares of the exchange traded fund’s stock, valued at approximately $12,514,000. CIBC Bancorp USA Inc. owned 0.06% of iShares U.S. Technology ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Human Investing LLC lifted its position in iShares U.S. Technology ETF by 2.7% during the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 49 shares in the last quarter. Howard Capital Management Inc. increased its position in iShares U.S. Technology ETF by 1.0% in the third quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock worth $1,058,000 after buying an additional 54 shares in the last quarter. Occidental Asset Management LLC increased its position in iShares U.S. Technology ETF by 1.2% in the third quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock worth $952,000 after buying an additional 56 shares in the last quarter. Greenleaf Trust raised its stake 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 worth $1,119,000 after buying an additional 58 shares during the period. Finally, Oldfather Financial Services LLC lifted its position in shares of iShares U.S. Technology ETF by 3.3% during the 3rd quarter. Oldfather Financial Services LLC now owns 1,909 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 61 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.0%

Shares of NYSEARCA:IYW opened at $188.68 on Friday. The stock has a 50 day moving average of $194.40 and a 200 day moving average of $196.45. The company has a market cap of $19.75 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month 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.