Cornerstone Wealth Management LLC Buys 143 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Cornerstone Wealth Management LLC lifted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,142 shares of the exchange traded fund’s stock after purchasing an additional 143 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Magnus Financial Group LLC raised its stake in shares of iShares U.S. Technology ETF by 0.6% during the 3rd quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock valued at $1,796,000 after purchasing an additional 67 shares during the period. Investment Advisory Group LLC raised its holdings in shares of iShares U.S. Technology ETF by 1.0% in the 3rd quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock valued at $1,150,000 after acquiring an additional 73 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of iShares U.S. Technology ETF by 0.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 13,484 shares of the exchange traded fund’s stock valued at $2,029,000 after acquiring an additional 74 shares during the last quarter. LVW Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 0.6% during the first quarter. LVW Advisors LLC now owns 13,870 shares of the exchange traded fund’s stock worth $1,873,000 after purchasing an additional 84 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in iShares U.S. Technology ETF by 1.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,281 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 85 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $154.63 on Friday. The firm’s 50 day simple moving average is $148.02 and its 200 day simple moving average is $143.76. The company has a market capitalization of $19.00 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1-year low of $100.84 and a 1-year high of $158.97.

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).