Asempa Wealth Advisors Makes New $1.58 Million Investment in iShares U.S. Technology ETF $IYW

Asempa Wealth Advisors bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,900 shares of the exchange traded fund’s stock, valued at approximately $1,577,000. iShares U.S. Technology ETF makes up approximately 1.4% of Asempa Wealth Advisors’ investment portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Triumph Capital Management bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $28,000. Bangor Savings Bank purchased a new position in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $31,000. Abound Wealth Management bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $34,000. Finally, Collier Financial purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $37,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $184.48 on Monday. The firm has a market capitalization of $19.31 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The business has a fifty day moving average price of $194.05 and a 200-day moving average price of $196.68.

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.