Schmidt P J Investment Management Inc. Raises Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Schmidt P J Investment Management Inc. boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,607 shares of the exchange traded fund’s stock after purchasing an additional 2,293 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares U.S. Technology ETF were worth $5,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Phillips Financial Management LLC increased its position in shares of iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Brooklyn Investment Group increased its holdings in iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at approximately $52,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of iShares U.S. Technology ETF by 37,900.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 379 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $63,000.

iShares U.S. Technology ETF Price Performance

IYW opened at $161.22 on Thursday. The stock has a market capitalization of $19.81 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $166.83. The firm’s fifty day moving average price is $161.83 and its 200 day moving average price is $154.04.

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).