HighTower Advisors LLC lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 55.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 360,435 shares of the exchange traded fund’s stock after buying an additional 128,052 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $54,626,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Ascent Group LLC raised its holdings in iShares U.S. Technology ETF by 3.7% in the 3rd quarter. Ascent Group LLC now owns 45,218 shares of the exchange traded fund’s stock worth $6,856,000 after purchasing an additional 1,606 shares during the period. Benjamin Edwards Inc. acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $2,287,000. Financial Counselors Inc. raised its holdings in iShares U.S. Technology ETF by 2.3% in the 3rd quarter. Financial Counselors Inc. now owns 22,060 shares of the exchange traded fund’s stock worth $3,345,000 after purchasing an additional 500 shares during the period. CreativeOne Wealth LLC raised its holdings in iShares U.S. Technology ETF by 51.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 139,264 shares of the exchange traded fund’s stock worth $21,115,000 after purchasing an additional 47,013 shares during the period. Finally, Freedom Investment Management Inc. acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $209,000.
iShares U.S. Technology ETF Trading Up 2.1 %
NYSEARCA IYW opened at $165.53 on Thursday. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a twelve month low of $115.57 and a twelve month high of $165.57. The stock has a 50-day moving average of $155.67 and a 200 day moving average of $149.72.
About iShares U.S. Technology ETF
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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