Ibex Wealth Advisors Has $2.28 Million Stock Position in iShares U.S. Technology ETF $IYW

Ibex Wealth Advisors lifted its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 57.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,410 shares of the exchange traded fund’s stock after acquiring an additional 4,178 shares during the period. Ibex Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $2,278,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Clark Capital Management Group Inc. raised its holdings in shares of iShares U.S. Technology ETF by 40.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 3,334 shares of the exchange traded fund’s stock worth $666,000 after buying an additional 954 shares in the last quarter. &PARTNERS increased its holdings in iShares U.S. Technology ETF by 34.0% in the 4th quarter. &PARTNERS now owns 90,781 shares of the exchange traded fund’s stock worth $18,132,000 after purchasing an additional 23,043 shares in the last quarter. 71 West Capital Partners acquired a new position in iShares U.S. Technology ETF in the 4th quarter worth about $302,000. Harborfront Financial Group LLC acquired a new position in iShares U.S. Technology ETF in the 4th quarter worth about $1,310,000. Finally, Tableaux LLC increased its holdings in iShares U.S. Technology ETF by 35.2% in the 4th quarter. Tableaux LLC now owns 85,876 shares of the exchange traded fund’s stock worth $17,148,000 after purchasing an additional 22,380 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.3%

Shares of IYW opened at $248.07 on Wednesday. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The business has a 50-day simple moving average of $229.00 and a two-hundred day simple moving average of $207.02. The stock has a market cap of $24.40 billion, a PE ratio of 34.95 and a beta of 1.36.

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.