Insigneo Advisory Services LLC Raises Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Insigneo Advisory Services LLC lifted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 321.2% during the fourth quarter, Holdings Channel reports. The fund owned 5,947 shares of the exchange traded fund’s stock after acquiring an additional 4,535 shares during the period. Insigneo Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $949,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IYW. Raymond James Financial Inc. acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth $256,146,000. LPL Financial LLC grew its position in shares of iShares U.S. Technology ETF by 23.7% during the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after buying an additional 977,883 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth approximately $90,236,000. Dynasty Wealth Management LLC raised its holdings in iShares U.S. Technology ETF by 54.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after acquiring an additional 497,043 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares U.S. Technology ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock worth $545,713,000 after acquiring an additional 314,689 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 3.5 %

Shares of NYSEARCA:IYW opened at $132.13 on Thursday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $167.30. The company’s 50 day moving average is $147.14 and its two-hundred day moving average is $154.90. The company has a market cap of $16.48 billion, a PE ratio of 31.74 and a beta of 1.22.

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).