iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC increased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,942 shares of the exchange traded fund’s stock after acquiring an additional 2,307 shares during the period. Redwood Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $938,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC acquired a new position in iShares U.S. Technology ETF during the 1st quarter worth about $36,000. Tidemark LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at about $50,000. GAMMA Investing LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at about $52,000. SYM FINANCIAL Corp acquired a new stake in iShares U.S. Technology ETF in the 1st quarter valued at about $61,000. Finally, Park Place Capital Corp raised its position in iShares U.S. Technology ETF by 51.4% in the 4th quarter. Park Place Capital Corp now owns 477 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 162 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

IYW stock remained flat at $146.33 during mid-day trading on Thursday. The company’s stock had a trading volume of 245,792 shares, compared to its average volume of 868,166. The company has a market cap of $17.98 billion, a P/E ratio of 38.84 and a beta of 1.43. The company has a fifty day moving average of $148.45 and a two-hundred day moving average of $137.90. iShares U.S. Technology ETF has a 52 week low of $100.84 and a 52 week 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).