Icon Wealth Advisors LLC Buys 9,874 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Icon Wealth Advisors LLC grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 111,946 shares of the exchange traded fund’s stock after purchasing an additional 9,874 shares during the period. iShares U.S. Technology ETF comprises approximately 1.4% of Icon Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Icon Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $15,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. VitalStone Financial LLC purchased a new position in shares of iShares U.S. Technology ETF during the first quarter valued at $36,000. Tidemark LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $50,000. GAMMA Investing LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $52,000. Park Place Capital Corp boosted its stake in shares of iShares U.S. Technology ETF by 51.4% during the fourth quarter. Park Place Capital Corp now owns 477 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 162 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $61,000.

iShares U.S. Technology ETF Stock Performance

IYW stock traded down $2.76 during trading on Tuesday, reaching $141.38. 940,036 shares of the company traded hands, compared to its average volume of 872,794. The business has a 50 day simple moving average of $148.45 and a 200 day simple moving average of $137.90. iShares U.S. Technology ETF has a 12 month low of $100.84 and a 12 month high of $158.97. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

About iShares U.S. Technology ETF

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).