Cobblestone Asset Management LLC Boosts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cobblestone Asset Management LLC raised its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,504 shares of the exchange traded fund’s stock after buying an additional 999 shares during the period. iShares U.S. Technology ETF comprises approximately 2.5% of Cobblestone Asset Management LLC’s portfolio, making the stock its 13th largest position. Cobblestone Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $3,715,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IYW. Envestnet Asset Management Inc. boosted its holdings in iShares U.S. Technology ETF by 38.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after acquiring an additional 2,928,731 shares in the last quarter. International Assets Investment Management LLC raised its stake in iShares U.S. Technology ETF by 13,488.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,145,345 shares of the exchange traded fund’s stock worth $140,591,000 after buying an additional 1,136,916 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $81,091,000. The Manufacturers Life Insurance Company boosted its position in iShares U.S. Technology ETF by 3,606.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 622,757 shares of the exchange traded fund’s stock valued at $65,337,000 after acquiring an additional 605,957 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares U.S. Technology ETF by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after acquiring an additional 393,079 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock traded up $1.18 during trading on Monday, hitting $151.68. The company’s stock had a trading volume of 641,272 shares, compared to its average volume of 884,377. iShares U.S. Technology ETF has a 52 week low of $100.84 and a 52 week high of $154.41. The company has a fifty day simple moving average of $140.26 and a two-hundred day simple moving average of $133.25. The company has a market capitalization of $18.63 billion, a PE ratio of 38.84 and a beta of 1.43.

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).