Allworth Financial LP Purchases 2,396 Shares of iShares U.S. Technology ETF $IYW

Allworth Financial LP lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,319 shares of the exchange traded fund’s stock after purchasing an additional 2,396 shares during the period. Allworth Financial LP’s holdings in iShares U.S. Technology ETF were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IYW. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $28,000. Hantz Financial Services Inc. bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $31,000. Collier Financial bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $37,000. Beacon Financial Strategies CORP bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $41,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $44,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $238.80 on Friday. The stock’s 50 day moving average is $202.68 and its 200 day moving average is $200.01. The firm has a market cap of $23.49 billion, a P/E ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a one year low of $154.02 and a one year high of $243.69.

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.