Ridgeline Wealth LLC Invests $1.68 Million in iShares U.S. Technology ETF (NYSEARCA:IYW)

Ridgeline Wealth LLC bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,555 shares of the exchange traded fund’s stock, valued at approximately $1,684,000. iShares U.S. Technology ETF comprises approximately 1.4% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently bought and sold shares of IYW. Phillips Financial Management LLC raised its stake in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $41,000. Activest Wealth Management bought a new stake in iShares U.S. Technology ETF in the third quarter valued at about $52,000. Legacy Investment Solutions LLC acquired a new position in iShares U.S. Technology ETF in the third quarter worth about $63,000. Finally, Brown Brothers Harriman & Co. lifted its stake in iShares U.S. Technology ETF by 81.7% during the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 245 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock traded up $2.50 during trading hours on Monday, hitting $164.87. The company had a trading volume of 628,363 shares, compared to its average volume of 1,107,544. iShares U.S. Technology ETF has a 12 month low of $118.25 and a 12 month high of $166.47. The firm’s fifty day moving average is $160.28 and its 200 day moving average is $152.80. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).