HB Wealth Management LLC Grows Stock Position in iShares U.S. Technology ETF $IYW

HB Wealth Management LLC boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 48.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,713 shares of the exchange traded fund’s stock after buying an additional 5,439 shares during the period. HB Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter worth $25,000. Harbor Asset Planning Inc. acquired a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $27,000. Bogart Wealth LLC raised its holdings in iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Abound Wealth Management purchased a new position in iShares U.S. Technology ETF during the third quarter worth about $34,000. Finally, Tsfg LLC lifted its position in iShares U.S. Technology ETF by 35.4% in the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 58 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 1.0%

NYSEARCA IYW opened at $201.75 on Friday. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business’s 50 day moving average is $199.93 and its two-hundred day moving average is $191.17. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98.

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.