Westover Capital Advisors LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the exchange traded fund’s stock, valued at approximately $1,060,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Leo Wealth LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth about $283,000. Nadler Financial Group Inc. purchased a new position in iShares U.S. Technology ETF in the third quarter worth about $217,000. Kingswood Wealth Advisors LLC raised its holdings in iShares U.S. Technology ETF by 3.7% in the third quarter. Kingswood Wealth Advisors LLC now owns 47,677 shares of the exchange traded fund’s stock worth $12,630,000 after buying an additional 1,692 shares during the last quarter. Sigma Planning Corp bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth approximately $6,762,000. Finally, Samalin Investment Counsel LLC bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth approximately $680,000. 57.65% of the stock is currently owned by institutional investors.
iShares U.S. Technology ETF Stock Up 1.2%
Shares of IYW opened at $252.88 on Tuesday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a market capitalization of $24.57 billion, a P/E ratio of 34.95 and a beta of 1.35. The firm has a 50 day moving average of $256.81 and a 200 day moving average of $228.35.
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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