RiverFront Investment Group LLC raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 918,400 shares of the exchange traded fund’s stock after buying an additional 20,409 shares during the period. iShares U.S. Technology ETF comprises approximately 3.0% of RiverFront Investment Group LLC’s holdings, making the stock its 7th largest position. RiverFront Investment Group LLC owned approximately 0.88% of iShares U.S. Technology ETF worth $183,386,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Evergreen Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $207,000. Independent Solutions Wealth Management LLC increased its stake in shares of iShares U.S. Technology ETF by 27.5% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 2,459 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 531 shares in the last quarter. May Hill Capital LLC increased its stake in shares of iShares U.S. Technology ETF by 101.8% in the 4th quarter. May Hill Capital LLC now owns 19,182 shares of the exchange traded fund’s stock worth $3,830,000 after purchasing an additional 9,675 shares in the last quarter. Tennessee Valley Asset Management Partners increased its stake in shares of iShares U.S. Technology ETF by 18.4% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 17,697 shares of the exchange traded fund’s stock worth $3,534,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of iShares U.S. Technology ETF by 1.4% in the 4th quarter. Stephens Inc. AR now owns 25,953 shares of the exchange traded fund’s stock worth $5,182,000 after purchasing an additional 359 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.
iShares U.S. Technology ETF Price Performance
NYSEARCA:IYW opened at $238.80 on Monday. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a one year low of $154.02 and a one year high of $243.69. The business has a fifty day moving average price of $202.68 and a 200-day moving average price of $199.96.
iShares U.S. Technology ETF 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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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