IVC Wealth Advisors LLC Makes New Investment in iShares U.S. Technology ETF $IYW

IVC Wealth Advisors LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,345 shares of the exchange traded fund’s stock, valued at approximately $233,000.

A number of other large investors also recently modified their holdings of IYW. The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after buying an additional 542,816 shares during the last quarter. Sofi Wealth LLC boosted its stake in shares of iShares U.S. Technology ETF by 4,780.8% during the 1st quarter. Sofi Wealth LLC now owns 405,256 shares of the exchange traded fund’s stock worth $56,914,000 after buying an additional 396,953 shares during the last quarter. Liberty Wealth Management LLC boosted its stake in shares of iShares U.S. Technology ETF by 795.5% during the 1st quarter. Liberty Wealth Management LLC now owns 416,723 shares of the exchange traded fund’s stock worth $58,525,000 after buying an additional 370,190 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of iShares U.S. Technology ETF by 597.9% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 322,863 shares of the exchange traded fund’s stock worth $45,343,000 after buying an additional 276,601 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of iShares U.S. Technology ETF by 4.4% during the 1st quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $197.46 on Friday. The firm has a 50-day moving average of $186.11 and a 200-day moving average of $166.20. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $199.31. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15.

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).