The Manufacturers Life Insurance Company Grows Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 4,550.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 553,450 shares of the exchange traded fund’s stock after acquiring an additional 541,550 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.45% of iShares U.S. Technology ETF worth $83,914,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IYW. Rosenberg Matthew Hamilton lifted its stake in shares of iShares U.S. Technology ETF by 133.8% during the second quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 95 shares during the period. Central Bank & Trust Co. lifted its stake in shares of iShares U.S. Technology ETF by 343.6% during the second quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 134 shares during the period. Phillips Financial Management LLC lifted its stake 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 worth $27,000 after buying an additional 170 shares during the period. Chris Bulman Inc acquired a new stake in shares of iShares U.S. Technology ETF during the second quarter worth $41,000. Finally, Activest Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $52,000.

iShares U.S. Technology ETF Trading Down 1.2 %

NYSEARCA:IYW opened at $157.94 on Thursday. iShares U.S. Technology ETF has a 12 month low of $114.84 and a 12 month high of $161.49. The firm has a fifty day simple moving average of $154.59 and a 200-day simple moving average of $148.92. The company has a market capitalization of $19.40 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).