Decrease in Copperleaf Capital’s Investment in iShares U.S. Technology ETF
Copperleaf Capital LLC has significantly diminished its shareholdings in the iShares U.S. Technology ETF by 38.4% during the third quarter, as disclosed in its latest filing with the Securities and Exchange Commission.
Following the sale of 4,417 shares in the quarter, the institutional investor now holds 7,088 shares in this exchange-traded fund, which are valued at approximately $1,388,000.
Institutional Investor Adjustments
Several other institutional investors have also recalibrated their positions in the fund. Presilium Private Wealth LLC entered the fray by acquiring a new stake worth around $203,000 in the second quarter.
Sigma Investment Counselors Inc. similarly took a position valued at approximately $224,000 during the same period.
Moreover, HB Wealth Management LLC escalated its holdings by an impressive 48.2% in the third quarter, amassing 16,713 shares now worth $3,274,000, bolstered by an acquisition of 5,439 additional shares during that timeframe.
Fort Washington Investment Advisors Inc., OH, also expanded its stake by 22.2% in the recent quarter, now owning 17,857 shares valued at $3,497,000 after increasing its share count by 3,246.
Finally, Johnson Investment Counsel Inc. amplified its investment by 10.6% in the second quarter, bringing its total to 56,687 shares, which are valued at $9,822,000 following the purchase of an extra 5,429 shares in the latest quarter. Altogether, hedge funds and various institutional investors control 57.65% of the company’s equity.
Current Performance of iShares U.S. Technology ETF
The shares of the iShares U.S. Technology ETF opened at $199.90 on Friday. With a market capitalization of $21.00 billion, it sports a price-to-earnings ratio of 34.95 and has a beta of 1.23.
The ETF has encountered a 52-week low of $117.55 and a high of $211.98. Currently, its fifty-day simple moving average stands at $199.66, while the 200-day simple moving average is recorded at $192.01.
Overview of iShares U.S. Technology ETF
Previously known as the iShares Dow Jones U.S. Technology Sector Index Fund, the iShares U.S. Technology ETF is a non-diversified investment entity.
Its primary aim is to generate results that typically mirror the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index.
This Index comprehensively gauges the performance of the technology sector within the U.S. equity landscape, encompassing various companies involved in software, computer services, and technology hardware and equipment.
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