Geneos Wealth Management Inc. Boosts Stock Position in iShares U.S. Technology ETF $IYW

Geneos Wealth Management Inc. raised its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 123.6% during the second quarter, HoldingsChannel reports. The firm owned 22,501 shares of the exchange traded fund’s stock after purchasing an additional 12,438 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares U.S. Technology ETF were worth $3,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of iShares U.S. Technology ETF by 28.5% in the 1st quarter. Russell Investments Group Ltd. now owns 996 shares of the exchange traded fund’s stock valued at $140,000 after buying an additional 221 shares during the period. Kovitz Investment Group Partners LLC grew its position in iShares U.S. Technology ETF by 32.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 2,177 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 536 shares during the period. Cresset Asset Management LLC grew its position in iShares U.S. Technology ETF by 5.3% in the first quarter. Cresset Asset Management LLC now owns 19,692 shares of the exchange traded fund’s stock worth $2,766,000 after acquiring an additional 993 shares during the period. Steward Partners Investment Advisory LLC increased its stake in iShares U.S. Technology ETF by 8.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 82,093 shares of the exchange traded fund’s stock worth $11,529,000 after acquiring an additional 6,212 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its position in iShares U.S. Technology ETF by 9.6% in the first quarter. Freestone Capital Holdings LLC now owns 11,475 shares of the exchange traded fund’s stock valued at $1,612,000 after purchasing an additional 1,005 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 0.9%

Shares of iShares U.S. Technology ETF stock opened at $196.67 on Tuesday. The firm has a market cap of $21.20 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The business’s fifty day simple moving average is $200.15 and its 200-day simple moving average is $186.63.

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).