Sowell Financial Services LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,675 shares of the exchange traded fund’s stock, valued at approximately $973,000.
A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $200,579,000. First Heartland Consultants Inc. bought a new position in iShares U.S. Technology ETF during the third quarter valued at approximately $7,194,000. Goodman Advisory Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 1st quarter valued at $510,000. True North Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter worth about $439,000. Finally, Three Seasons Wealth LLC lifted its holdings in iShares U.S. Technology ETF by 2,412.9% in the 2nd quarter. Three Seasons Wealth LLC now owns 42,945 shares of the exchange traded fund’s stock worth $10,832,000 after purchasing an additional 41,236 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Up 0.4%
NYSEARCA:IYW opened at $249.92 on Friday. The firm has a market capitalization of $24.19 billion, a PE ratio of 34.95 and a beta of 1.35. The firm’s fifty day simple moving average is $256.82 and its 200 day simple moving average is $243.73. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44.
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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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