iShares U.S. Technology ETF $IYW Shares Newly Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, HoldingsChannel reports. The firm bought 3,675 shares of the exchange traded fund’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after buying an additional 31,952 shares during the period. Hsbc Holdings PLC grew its holdings in shares of iShares U.S. Technology ETF by 10.3% during the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after acquiring an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $200,579,000. Kestra Advisory Services LLC grew its holdings in shares of iShares U.S. Technology ETF by 11.0% during the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock valued at $89,868,000 after acquiring an additional 48,940 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of iShares U.S. Technology ETF by 10.6% in the first quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock worth $41,995,000 after acquiring an additional 22,151 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

NYSEARCA IYW opened at $242.67 on Monday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The firm’s fifty day simple moving average is $257.04 and its 200-day simple moving average is $229.36. The company has a market capitalization of $23.68 billion, a PE ratio of 34.95 and a beta of 1.35.

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.