Truvestments Capital LLC Makes New $89,000 Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Truvestments Capital LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, Holdings Channel reports. The institutional investor bought 587 shares of the exchange traded fund’s stock, valued at approximately $89,000.

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

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $159.84 on Wednesday. The company has a market capitalization of $19.64 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1 year low of $114.84 and a 1 year high of $161.49. The business has a fifty day moving average price of $154.32 and a two-hundred day moving average price of $148.74.

About iShares U.S. Technology ETF

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).