Wednesday, September 5, 2007

ishares Dow Jones US Technology (IYW)

I made my first purchase in over a month today. I bought shares of ishares Dow Jones US Technology (IYW). This is a ETF or Exchange Trade Fund and the top ten holdings are Google, Apple, Microsoft, Intel, Cisco, Hewlett Packard, Dell, IBM, Oracle, and Qualcomm.
The investment 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 fund uses a representative sampling strategy to try to track the index. The index measures the performance of the technology sector of the U.S. equity market. The index includes companies in the following sectors: software and computer services and technology hardware and equipment. It is nondiversified.
Shares were purchased at $60.98 and will most likely hold long term.

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