Navellier & Associates Inc. Boosts Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Navellier & Associates Inc. raised its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 57.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,736 shares of the exchange traded fund’s stock after purchasing an additional 4,661 shares during the quarter. Navellier & Associates Inc.’s holdings in iShares U.S. Technology ETF were worth $2,032,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Phillips Financial Management LLC raised its position in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares during the period. Brooklyn Investment Group raised its position in shares of iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 91 shares during the period. Avion Wealth acquired a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth about $47,000. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $52,000. Finally, Kestra Investment Management LLC acquired a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth about $53,000.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $161.55 on Friday. The firm has a 50-day simple moving average of $162.06 and a two-hundred day simple moving average of $155.68. The company has a market cap of $19.85 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30.

iShares U.S. Technology ETF 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).