Cadent Capital Advisors LLC Raises Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cadent Capital Advisors LLC raised its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,628 shares of the exchange traded fund’s stock after acquiring an additional 298 shares during the quarter. iShares U.S. Technology ETF comprises approximately 2.9% of Cadent Capital Advisors LLC’s portfolio, making the stock its 10th biggest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $8,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Phillips Financial Management LLC lifted its stake in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Activest Wealth Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth $52,000. Legacy Investment Solutions LLC purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $63,000. Brown Brothers Harriman & Co. boosted 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 valued at $83,000 after buying an additional 245 shares during the period. Finally, Truvestments Capital LLC purchased a new position in iShares U.S. Technology ETF during the third quarter worth about $89,000.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW traded down $2.03 on Monday, hitting $155.82. The company’s stock had a trading volume of 439,527 shares, compared to its average volume of 959,290. The company has a market capitalization of $19.14 billion, a PE ratio of 38.84 and a beta of 1.43. The company has a 50-day simple moving average of $160.96 and a 200 day simple moving average of $153.19. iShares U.S. Technology ETF has a 1 year low of $121.05 and a 1 year high of $166.47.

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).