Cottonwood Capital Advisors LLC lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 39.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,874 shares of the exchange traded fund’s stock after purchasing an additional 18,160 shares during the period. iShares U.S. Technology ETF accounts for about 8.2% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its biggest holding. Cottonwood Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $11,588,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of IYW. Monetary Solutions Ltd bought a new position in iShares U.S. Technology ETF in the fourth quarter worth about $26,000. Sankala Group LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $26,000. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $28,000. Miller Capital Partners Inc. bought a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $28,000. Finally, Kingdom Financial Group LLC. bought a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $32,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Down 3.9%
IYW opened at $243.37 on Wednesday. iShares U.S. Technology ETF has a 52 week low of $167.31 and a 52 week high of $261.01. The stock has a market cap of $23.94 billion, a PE ratio of 34.95 and a beta of 1.36. The business has a 50 day moving average of $234.90 and a 200-day moving average of $208.80.
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). 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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