Mosley Wealth Management Acquires New Stake in iShares U.S. Technology ETF $IYW

Mosley Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, Holdings Channel reports. The firm acquired 17,302 shares of the exchange traded fund’s stock, valued at approximately $3,475,000. iShares U.S. Technology ETF comprises 1.6% of Mosley Wealth Management’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds have also made changes to their positions in IYW. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $41,199,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in iShares U.S. Technology ETF by 14,772.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after buying an additional 170,036 shares during the last quarter. BNP Paribas Financial Markets grew its position in iShares U.S. Technology ETF by 11,291.6% in the third quarter. BNP Paribas Financial Markets now owns 144,445 shares of the exchange traded fund’s stock worth $28,291,000 after buying an additional 143,177 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $243.35 on Friday. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1 year low of $162.80 and a 1 year high of $261.01. The firm’s 50 day moving average price is $225.16 and its two-hundred day moving average price is $205.90.

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.