Brookstone Capital Management Increases Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Brookstone Capital Management increased its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Get Rating) by 423.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,539 shares of the exchange traded fund’s stock after acquiring an additional 31,176 shares during the period. Brookstone Capital Management’s holdings in iShares U.S. Technology ETF were worth $2,870,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $352,000. FAS Wealth Partners raised its stake in iShares U.S. Technology ETF by 41.1% during the 3rd quarter. FAS Wealth Partners now owns 5,840 shares of the exchange traded fund’s stock valued at $428,000 after buying an additional 1,700 shares during the last quarter. Ayalon Insurance Comp Ltd. raised its stake in iShares U.S. Technology ETF by 7.3% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 18,288 shares of the exchange traded fund’s stock valued at $1,342,000 after buying an additional 1,238 shares during the last quarter. PFG Advisors purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $330,000. Finally, Sigma Planning Corp raised its stake in iShares U.S. Technology ETF by 12.7% during the 3rd quarter. Sigma Planning Corp now owns 21,400 shares of the exchange traded fund’s stock valued at $1,570,000 after buying an additional 2,415 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 0.2 %

Shares of IYW opened at $88.36 on Friday. The firm has a fifty day simple moving average of $83.45 and a two-hundred day simple moving average of $79.45. iShares U.S. Technology ETF has a 1-year low of $69.49 and a 1-year high of $106.60.

iShares U.S. Technology ETF Profile

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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).