iShares U.S. Technology ETF $IYW Stock: Ibex Wealth Advisors Boosts Holdings

Ibex Wealth Advisors increased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,525 shares of the exchange traded fund’s stock after acquiring an additional 2,291 shares during the period. Ibex Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $2,258,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IYW. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF in the second quarter valued at about $200,579,000. Commonwealth Equity Services LLC bought a new position in iShares U.S. Technology ETF during the third quarter worth about $150,156,000. First Merchants Corp bought a new position in iShares U.S. Technology ETF during the third quarter worth about $42,477,000. Patton Albertson Miller Group LLC bought a new position in iShares U.S. Technology ETF during the third quarter worth about $28,437,000. Finally, Capital Investment Advisors LLC bought a new position in iShares U.S. Technology ETF during the third quarter worth about $27,180,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW traded down $3.11 during trading on Friday, reaching $232.18. 497,509 shares of the company traded hands, compared to its average volume of 1,063,707. The stock’s 50 day moving average price is $253.99 and its two-hundred day moving average price is $231.07. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 26.89 and a beta of 1.37. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44.

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). 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.