Arbor Investment Advisors LLC Makes New Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Arbor Investment Advisors LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,304 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other large investors have also modified their holdings of IYW. The Manufacturers Life Insurance Company raised its position in shares of iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after acquiring an additional 541,550 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $38,293,000. HighTower Advisors LLC increased its stake in shares of iShares U.S. Technology ETF by 55.1% during the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after purchasing an additional 128,052 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares U.S. Technology ETF by 3.0% during the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after purchasing an additional 120,614 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $15,272,000.

iShares U.S. Technology ETF Stock Down 2.6 %

IYW stock opened at $161.55 on Friday. The stock has a market capitalization of $19.85 billion, a P/E ratio of 38.84 and a beta of 1.43. The firm has a 50-day simple moving average of $162.06 and a 200-day simple moving average of $155.82. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week high of $167.30.

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).