Sowell Financial Services LLC grew its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,587 shares of the exchange traded fund’s stock after purchasing an additional 3,738 shares during the period. Sowell Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $3,603,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Argentarii LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $319,000. Amundi grew its holdings in shares of iShares U.S. Technology ETF by 9.1% in the fourth quarter. Amundi now owns 35,920 shares of the exchange traded fund’s stock valued at $5,785,000 after acquiring an additional 3,009 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $319,000. Novus Advisors LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $232,000. Finally, BBR Partners LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $805,000.
iShares U.S. Technology ETF Stock Up 1.1 %
IYW stock opened at $149.09 on Monday. The business has a 50 day moving average of $159.93 and a 200-day moving average of $156.54. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30. The firm has a market cap of $18.73 billion, a PE ratio of 35.73 and a beta of 1.14.
iShares U.S. Technology ETF Company 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).
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