Dale Q Rice Investment Management Ltd Buys New Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Dale Q Rice Investment Management Ltd bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,380 shares of the exchange traded fund’s stock, valued at approximately $3,570,000. iShares U.S. Technology ETF accounts for about 1.6% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in IYW. Zions Bancorporation N.A. bought a new position in iShares U.S. Technology ETF during the second quarter worth $106,000. Thoroughbred Financial Services LLC bought a new position in shares of iShares U.S. Technology ETF in the 2nd quarter worth about $668,000. Rathbones Group PLC raised its position in shares of iShares U.S. Technology ETF by 10.9% in the 2nd quarter. Rathbones Group PLC now owns 27,575 shares of the exchange traded fund’s stock worth $4,150,000 after acquiring an additional 2,702 shares in the last quarter. Financial Life Advisors lifted its stake in shares of iShares U.S. Technology ETF by 3.4% in the 2nd quarter. Financial Life Advisors now owns 50,758 shares of the exchange traded fund’s stock valued at $7,639,000 after purchasing an additional 1,675 shares during the period. Finally, One Capital Management LLC boosted its position in shares of iShares U.S. Technology ETF by 1.2% during the 2nd quarter. One Capital Management LLC now owns 30,775 shares of the exchange traded fund’s stock valued at $4,632,000 after purchasing an additional 356 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $156.56 on Tuesday. The stock has a market capitalization of $19.23 billion, a P/E ratio of 38.84 and a beta of 1.43. The business has a 50 day simple moving average of $160.96 and a 200 day simple moving average of $153.19. iShares U.S. Technology ETF has a one year low of $121.05 and a one year high of $166.47.

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).