WealthCare Asset Management LLC Takes $5.07 Million Position in iShares U.S. Technology ETF $IYW

WealthCare Asset Management LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 25,723 shares of the exchange traded fund’s stock, valued at approximately $5,073,000. iShares U.S. Technology ETF comprises about 3.4% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of IYW. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Technology ETF by 34.4% in the 4th 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 last quarter. Focus Partners Wealth lifted its stake in shares of iShares U.S. Technology ETF by 450.1% in the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after acquiring an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $41,199,000. Morgan Stanley lifted its stake in shares of iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after acquiring an additional 186,297 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of iShares U.S. Technology ETF by 14,772.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after acquiring an additional 170,036 shares during the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 2.3%

NYSEARCA IYW opened at $248.07 on Wednesday. iShares U.S. Technology ETF has a 1-year low of $162.98 and a 1-year high of $261.01. The firm has a market cap of $24.40 billion, a PE ratio of 34.95 and a beta of 1.36. The stock has a 50-day moving average of $229.00 and a 200-day moving average of $207.02.

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.