Navellier & Associates Inc. Acquires Shares of 8,543 iShares U.S. Technology ETF $IYW

Navellier & Associates Inc. bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,543 shares of the exchange traded fund’s stock, valued at approximately $1,673,000.

A number of other large investors have also recently made changes to their positions in IYW. Principal Financial Group Inc. grew its position in shares of iShares U.S. Technology ETF by 99.1% during the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after buying an additional 53,466 shares in the last quarter. Sigma Investment Counselors Inc. purchased a new stake in iShares U.S. Technology ETF in the second quarter worth about $224,000. Ashton Thomas Securities LLC bought a new position in iShares U.S. Technology ETF during the 3rd quarter worth about $1,093,000. HB Wealth Management LLC increased its position in iShares U.S. Technology ETF by 48.2% during the 3rd quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock valued at $3,274,000 after purchasing an additional 5,439 shares during the period. Finally, Moulton Wealth Management Inc. bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $2,839,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $195.31 on Wednesday. The company has a market cap of $20.44 billion, a PE ratio of 34.95 and a beta of 1.23. The firm’s 50 day moving average price is $199.70 and its 200-day moving average price is $194.93. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98.

iShares U.S. Technology ETF 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.