iShares U.S. Technology ETF Holdings and Performance

Title: Oppenheimer & Co. Inc. Increases Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

In an interesting turn of events, Oppenheimer & Co. Inc. has increased its stake in the iShares U.S. Technology ETF by 1.2% during the first quarter. This move comes as the tech sector continues to attract the attention of institutional investors.

According to the latest filing with the Securities and Exchange Commission, Oppenheimer & Co. Inc. now owns 7,281 shares of the exchange traded fund’s stock, valued at $983,000. This increase in stake by 85 shares showcases the confidence that Oppenheimer & Co. Inc. has in the potential of the iShares U.S. Technology ETF.

Other large investors have also been making moves in the tech sector, with Envestnet Asset Management Inc. boosting its stake in the ETF by 38.6% during the fourth quarter. With a market capitalization of $19.25 billion, the iShares U.S. Technology ETF has been attracting significant interest from investors looking to capitalize on the growth potential in the tech industry.

The iShares U.S. Technology ETF has shown strong price performance, with a one year low of $100.84 and a high of $158.97. The company’s 50-day simple moving average is $145.98, indicating a positive trend in the stock’s performance.

Investors interested in tracking the latest developments in the iShares U.S. Technology ETF can visit HoldingsChannel.com for the most recent 13F filings and insider trades. Additionally, a daily summary of news and analyst ratings for the ETF can be received by subscribing to MarketBeat.com’s FREE email newsletter.

Overall, the increase in stake by Oppenheimer & Co. Inc. and other large investors reflects the growing interest in the tech sector and the potential for further growth in the iShares U.S. Technology ETF.