Concurrent Investment Advisors LLC Acquires 87,290 Shares of iShares U.S. Technology ETF $IYW

Concurrent Investment Advisors LLC increased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 325.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 114,122 shares of the exchange traded fund’s stock after purchasing an additional 87,290 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $19,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IYW. Simon Quick Advisors LLC raised its stake in shares of iShares U.S. Technology ETF by 9.0% during the first quarter. Simon Quick Advisors LLC now owns 4,481 shares of the exchange traded fund’s stock worth $629,000 after buying an additional 369 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of iShares U.S. Technology ETF by 7.3% during the first quarter. Fifth Third Bancorp now owns 2,685 shares of the exchange traded fund’s stock worth $377,000 after buying an additional 182 shares during the last quarter. Elevation Point Wealth Partners LLC raised its stake in shares of iShares U.S. Technology ETF by 2.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 14,911 shares of the exchange traded fund’s stock worth $2,094,000 after buying an additional 414 shares during the last quarter. Jackson Square Capital LLC raised its position in shares of iShares U.S. Technology ETF by 22.0% in the 1st quarter. Jackson Square Capital LLC now owns 2,044 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 368 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in iShares U.S. Technology ETF by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,291 shares of the exchange traded fund’s stock worth $20,124,000 after acquiring an additional 15,785 shares during the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $192.80 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $201.50. The stock has a market cap of $20.47 billion, a P/E ratio of 34.95 and a beta of 1.15. The firm has a 50 day moving average price of $187.90 and a 200 day moving average price of $167.96.

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).