Avidian Wealth Enterprises LLC Buys New Holdings in iShares U.S. Technology ETF $IYW

Avidian Wealth Enterprises LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,441 shares of the exchange traded fund’s stock, valued at approximately $5,150,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tactive Advisors LLC grew its holdings in iShares U.S. Technology ETF by 30.9% in the 3rd quarter. Tactive Advisors LLC now owns 6,718 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 1,585 shares in the last quarter. Ayalon Insurance Comp Ltd. purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at about $5,149,000. American National Bank & Trust acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $174,000. Asempa Wealth Advisors increased its position in iShares U.S. Technology ETF by 8.4% during the third quarter. Asempa Wealth Advisors now owns 8,209 shares of the exchange traded fund’s stock worth $2,190,000 after purchasing an additional 636 shares during the last quarter. Finally, Bangor Savings Bank purchased a new position in iShares U.S. Technology ETF during the third quarter worth about $42,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 1.6%

Shares of iShares U.S. Technology ETF stock traded down $4.33 during mid-day trading on Thursday, hitting $267.19. The stock had a trading volume of 1,397,024 shares, compared to its average volume of 1,082,842. The firm has a 50-day moving average of $254.68 and a two-hundred day moving average of $237.73. The firm has a market cap of $26.75 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44.

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.