Element Wealth LLC Boosts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Element Wealth LLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 63.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 451 shares of the exchange traded fund’s stock after purchasing an additional 175 shares during the period. Element Wealth LLC’s holdings in iShares U.S. Technology ETF were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Navellier & Associates Inc. grew its stake in iShares U.S. Technology ETF by 57.7% in the fourth quarter. Navellier & Associates Inc. now owns 12,736 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 4,661 shares during the last quarter. Variant Private Wealth LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $6,508,000. Capital Advisory Group Advisory Services LLC grew its stake in iShares U.S. Technology ETF by 10.0% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 19,051 shares of the exchange traded fund’s stock valued at $3,039,000 after purchasing an additional 1,730 shares during the last quarter. Lane & Associates LLC grew its stake in iShares U.S. Technology ETF by 10.5% in the fourth quarter. Lane & Associates LLC now owns 16,001 shares of the exchange traded fund’s stock valued at $2,555,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $119,000.

iShares U.S. Technology ETF Price Performance

IYW opened at $161.55 on Friday. The firm has a market capitalization of $19.85 billion, a PE ratio of 38.84 and a beta of 1.43. The business’s 50-day moving average is $162.06 and its two-hundred day moving average is $155.68. iShares U.S. Technology ETF has a 1 year low of $124.32 and a 1 year high of $167.30.

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).