Lifestyle Asset Management Inc. Purchases 4,705 Shares of iShares U.S. Technology ETF $IYW

Lifestyle Asset Management Inc. boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 34.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,246 shares of the exchange traded fund’s stock after acquiring an additional 4,705 shares during the period. iShares U.S. Technology ETF accounts for approximately 1.2% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 17th largest holding. Lifestyle Asset Management Inc.’s holdings in iShares U.S. Technology ETF were worth $3,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Group AG raised its stake in iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after acquiring an additional 72,485 shares during the period. Raymond James Financial Inc. raised its stake 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 during the period. Ameriprise Financial Inc. raised its stake in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the period. RiverFront Investment Group LLC raised its stake in iShares U.S. Technology ETF by 2.3% in the 4th quarter. RiverFront Investment Group LLC now owns 918,400 shares of the exchange traded fund’s stock valued at $183,386,000 after acquiring an additional 20,409 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Technology ETF by 15.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 426,451 shares of the exchange traded fund’s stock valued at $83,525,000 after acquiring an additional 56,708 shares during the period. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $256.42 on Friday. iShares U.S. Technology ETF has a 52-week low of $161.13 and a 52-week high of $261.01. The stock’s 50-day simple moving average is $218.98 and its 200 day simple moving average is $204.19. The stock has a market capitalization of $25.22 billion, a P/E ratio of 34.95 and a beta of 1.36.

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.