206,326 Shares in iShares U.S. Technology ETF $IYW Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 206,326 shares of the exchange traded fund’s stock, valued at approximately $41,199,000.

A number of other large investors also recently added to or reduced their stakes in the business. Triumph Capital Management bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $28,000. Miller Capital Partners Inc. purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at approximately $28,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $32,000. Beacon Financial Strategies CORP bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $41,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $44,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $253.57 on Friday. The company’s fifty day moving average price is $231.52 and its 200-day moving average price is $207.75. iShares U.S. Technology ETF has a one year low of $162.98 and a one year high of $261.01. The company has a market capitalization of $24.94 billion, a PE ratio of 34.95 and a beta of 1.36.

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). 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.