LPL Financial LLC Grows Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

LPL Financial LLC increased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,111,322 shares of the exchange traded fund’s stock after acquiring an additional 977,883 shares during the quarter. LPL Financial LLC owned approximately 4.16% of iShares U.S. Technology ETF worth $815,358,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 91 shares during the period. Avion Wealth purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $47,000. SRS Capital Advisors Inc. lifted its position in shares of iShares U.S. Technology ETF by 43.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 90 shares during the last quarter. Atala Financial Inc purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $52,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $53,000.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $146.23 on Friday. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The firm has a 50-day simple moving average of $156.70 and a two-hundred day simple moving average of $156.31. iShares U.S. Technology ETF has a one year low of $124.32 and a one year high of $167.30.

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).