Axxcess Wealth Management LLC Takes Position in iShares U.S. Technology ETF $IYW

Axxcess Wealth Management LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 206,326 shares of the exchange traded fund’s stock, valued at approximately $41,199,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IYW. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. bought a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $31,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $32,000. Collier Financial bought a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $37,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.3%

Shares of IYW stock opened at $240.08 on Friday. The stock has a market cap of $23.61 billion, a P/E ratio of 34.95 and a beta of 1.33. The stock has a 50 day simple moving average of $206.41 and a 200 day simple moving average of $200.76. iShares U.S. Technology ETF has a 1 year low of $154.02 and a 1 year high of $243.69.

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). 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.