iShares U.S. Technology ETF $IYW Stock Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,851 shares of the exchange traded fund’s stock after acquiring an additional 4,049 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $13,735,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IYW. Dagco Inc. raised its position in shares of iShares U.S. Technology ETF by 13.7% in the third quarter. Dagco Inc. now owns 6,942 shares of the exchange traded fund’s stock worth $1,839,000 after acquiring an additional 835 shares during the period. HT Partners LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $692,000. Commonwealth Financial Services LLC acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $3,100,000. Retirement Planning Group LLC acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $1,284,000. Finally, Fairvoy Private Wealth LLC increased its position in shares of iShares U.S. Technology ETF by 9.8% in the third quarter. Fairvoy Private Wealth LLC now owns 1,380 shares of the exchange traded fund’s stock valued at $366,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW traded up $0.01 on Tuesday, hitting $254.27. The company had a trading volume of 281,421 shares, compared to its average volume of 1,068,301. The company’s fifty day moving average price is $256.96 and its 200-day moving average price is $242.25. The company has a market capitalization of $24.70 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44.

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.