Stanich Group LLC Invests $1.18 Million in iShares U.S. Technology ETF (NYSEARCA:IYW)

Stanich Group LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,376 shares of the exchange traded fund’s stock, valued at approximately $1,177,000. iShares U.S. Technology ETF accounts for 0.9% of Stanich Group LLC’s holdings, making the stock its 19th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in iShares U.S. Technology ETF by 29,435.7% in the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after purchasing an additional 3,179,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after purchasing an additional 541,550 shares during the last quarter. HighTower Advisors LLC boosted its holdings in iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after purchasing an additional 128,052 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares U.S. Technology ETF by 3.0% in the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after purchasing an additional 120,614 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $15,272,000.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $165.87 on Friday. The company has a market capitalization of $20.38 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $124.32 and a one year high of $166.83. The stock has a 50-day moving average price of $161.93 and a 200 day moving average price of $154.90.

iShares U.S. Technology ETF 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).