Modern Wealth Management LLC Buys 21,025 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Modern Wealth Management LLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,131 shares of the exchange traded fund’s stock after acquiring an additional 21,025 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $13,034,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IYW. Howard Capital Management Group LLC boosted its stake in iShares U.S. Technology ETF by 1.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock valued at $31,677,000 after purchasing an additional 2,312 shares during the period. Natixis Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 28.1% in the third quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock valued at $2,447,000 after acquiring an additional 3,539 shares during the period. Citigroup Inc. grew its stake in shares of iShares U.S. Technology ETF by 84.1% in the third quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock valued at $7,522,000 after acquiring an additional 22,667 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 73 shares during the period. Finally, Cerity Partners LLC raised its stake in iShares U.S. Technology ETF by 35.3% in the 3rd quarter. Cerity Partners LLC now owns 31,642 shares of the exchange traded fund’s stock worth $4,797,000 after purchasing an additional 8,262 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 2.1 %

Shares of NYSEARCA:IYW opened at $149.37 on Tuesday. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30. The company’s 50 day moving average price is $156.55 and its two-hundred day moving average price is $156.47. The firm has a market cap of $18.63 billion, a PE ratio of 33.00 and a beta of 1.16.

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).