Tcfg Wealth Management LLC Makes New $11.09 Million Investment in iShares U.S. Technology ETF $IYW

Tcfg Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,642 shares of the exchange traded fund’s stock, valued at approximately $11,094,000. iShares U.S. Technology ETF comprises 0.9% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Tcfg Wealth Management LLC owned 0.05% of iShares U.S. Technology ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYW. Laurel Wealth Advisors LLC lifted its position in iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares in the last quarter. UBS Group AG grew its holdings in iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares during the last quarter. Raymond James Financial Inc. increased its position in iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares in the last quarter. Hsbc Holdings PLC increased its position in iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after acquiring an additional 401,472 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 0.5%

Shares of IYW stock opened at $190.81 on Wednesday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm’s 50 day moving average is $194.90 and its 200-day moving average is $196.56. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Company 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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.