iShares U.S. Technology ETF $IYW is Cottonwood Capital Advisors LLC’s Largest Position

Cottonwood Capital Advisors LLC boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 39.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,874 shares of the exchange traded fund’s stock after acquiring an additional 18,160 shares during the period. iShares U.S. Technology ETF accounts for 8.2% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its biggest position. Cottonwood Capital Advisors LLC owned approximately 0.07% of iShares U.S. Technology ETF worth $11,588,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Monetary Solutions Ltd purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $26,000. Sankala Group LLC bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth about $26,000. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF in the third quarter worth about $28,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $28,000. Finally, Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $32,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $243.37 on Wednesday. The business has a 50 day simple moving average of $234.90 and a two-hundred day simple moving average of $208.80. The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a one year low of $167.31 and a one year high of $261.01.

iShares U.S. Technology ETF Company 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.