Ancora Advisors LLC Raises Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Ancora Advisors LLC increased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 94.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,306 shares of the exchange traded fund’s stock after purchasing an additional 6,459 shares during the quarter. Ancora Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,797,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IYW. Envestnet Asset Management Inc. raised its stake in iShares U.S. Technology ETF by 38.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after buying an additional 2,928,731 shares during the last quarter. International Assets Investment Management LLC raised its stake in iShares U.S. Technology ETF by 13,488.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,145,345 shares of the exchange traded fund’s stock valued at $140,591,000 after buying an additional 1,136,916 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF in the first quarter valued at about $119,223,000. Janney Montgomery Scott LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter valued at about $81,091,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares U.S. Technology ETF by 45.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after purchasing an additional 393,079 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $146.33 on Thursday. The stock’s 50-day simple moving average is $148.45 and its 200-day simple moving average is $137.90. The firm has a market capitalization of $17.98 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $100.84 and a fifty-two week high of $158.97.

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).