Parker Investment Management LLC Acquires 6,037 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Parker Investment Management LLC raised its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 541,925 shares of the exchange traded fund’s stock after acquiring an additional 6,037 shares during the quarter. iShares U.S. Technology ETF makes up 13.5% of Parker Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Parker Investment Management LLC owned about 0.44% of iShares U.S. Technology ETF worth $86,448,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in iShares U.S. Technology ETF in the fourth quarter valued at $256,146,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Technology ETF by 4,550.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after purchasing an additional 541,550 shares during the last quarter. Dynasty Wealth Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 54.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after purchasing an additional 497,043 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $38,293,000. Finally, HighTower Advisors LLC grew its stake in iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after buying an additional 128,052 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 4.5 %

Shares of NYSEARCA IYW opened at $142.45 on Tuesday. The stock has a market cap of $17.89 billion, a P/E ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30. The stock has a 50 day moving average of $159.93 and a two-hundred day moving average of $156.54.

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).