Diversify Advisory Services LLC Raises Stock Position in iShares U.S. Technology ETF $IYW

Diversify Advisory Services LLC grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 82.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,170 shares of the exchange traded fund’s stock after buying an additional 5,956 shares during the period. Diversify Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $2,750,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IYW. Bell Investment Advisors Inc purchased a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at about $25,000. Bangor Savings Bank purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Abound Wealth Management acquired a new position in iShares U.S. Technology ETF during the third quarter worth approximately $34,000. Finally, Collier Financial purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $191.75 on Tuesday. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The firm’s fifty day simple moving average is $196.14 and its 200-day simple moving average is $196.22.

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.