Ciovacco Capital Management LLC Increases Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Ciovacco Capital Management LLC grew its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,325 shares of the exchange traded fund’s stock after buying an additional 111 shares during the period. iShares U.S. Technology ETF accounts for approximately 8.1% of Ciovacco Capital Management LLC’s holdings, making the stock its 4th biggest position. Ciovacco Capital Management LLC owned 0.07% of iShares U.S. Technology ETF worth $14,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IYW. Brooklyn Investment Group boosted its holdings in shares of iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Avion Wealth bought a new position in iShares U.S. Technology ETF in the 4th quarter worth about $47,000. SRS Capital Advisors Inc. boosted its stake in iShares U.S. Technology ETF by 43.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 90 shares in the last quarter. Activest Wealth Management bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $52,000. Finally, Atala Financial Inc bought a new position in iShares U.S. Technology ETF in the 4th quarter worth about $52,000.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $145.69 on Friday. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The firm’s 50-day moving average is $156.93 and its 200 day moving average is $156.22. 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).