Freedom Investment Management Inc. Takes Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Freedom Investment Management Inc. purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,377 shares of the exchange traded fund’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its position in shares of iShares U.S. Technology ETF by 133.8% in the second quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 95 shares in the last quarter. Central Bank & Trust Co. raised its stake in iShares U.S. Technology ETF by 343.6% in the 2nd quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. Phillips Financial Management LLC lifted its holdings in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Chris Bulman Inc acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $41,000. Finally, Activest Wealth Management purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $52,000.

iShares U.S. Technology ETF Stock Up 0.9 %

Shares of NYSEARCA IYW opened at $159.33 on Monday. The firm has a 50-day simple moving average of $155.20 and a 200-day simple moving average of $149.32. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 52 week low of $114.84 and a 52 week high of $161.49.

iShares U.S. Technology ETF Company 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).