Lion Street Advisors LLC Invests $243,000 in iShares U.S. Technology ETF (NYSEARCA:IYW)

Lion Street Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,613 shares of the exchange traded fund’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. VitalStone Financial LLC bought a new stake in iShares U.S. Technology ETF during the first quarter valued at about $36,000. Tidemark LLC bought a new stake in iShares U.S. Technology ETF during the fourth quarter valued at about $50,000. GAMMA Investing LLC bought a new stake in iShares U.S. Technology ETF during the fourth quarter valued at about $52,000. Sugarloaf Wealth Management LLC boosted its position in iShares U.S. Technology ETF by 40.3% during the second quarter. Sugarloaf Wealth Management LLC now owns 397 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 114 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in iShares U.S. Technology ETF during the first quarter valued at about $61,000.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW traded up $0.96 during trading on Friday, hitting $138.88. The company’s stock had a trading volume of 1,118,860 shares, compared to its average volume of 903,780. The company has a market cap of $17.06 billion, a PE ratio of 38.84 and a beta of 1.43. The business’s 50 day simple moving average is $148.01 and its 200-day simple moving average is $138.51. iShares U.S. Technology ETF has a fifty-two week low of $100.84 and a fifty-two week high of $158.97.

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).