iShares U.S. Technology ETF $IYW Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 54.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,887 shares of the exchange traded fund’s stock after purchasing an additional 2,421 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Hoey Investments Inc. increased its stake in shares of iShares U.S. Technology ETF by 31.6% in the second quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 60 shares during the period. True Vision MN LLC increased its stake in shares of iShares U.S. Technology ETF by 0.4% in the first quarter. True Vision MN LLC now owns 19,475 shares of the exchange traded fund’s stock valued at $2,735,000 after purchasing an additional 72 shares during the period. Resurgent Financial Advisors LLC increased its stake in shares of iShares U.S. Technology ETF by 2.8% in the first quarter. Resurgent Financial Advisors LLC now owns 2,889 shares of the exchange traded fund’s stock valued at $406,000 after purchasing an additional 80 shares during the period. NorthRock Partners LLC increased its stake in shares of iShares U.S. Technology ETF by 1.5% in the first quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 83 shares during the period. Finally, Keystone Wealth Services LLC increased its stake in shares of iShares U.S. Technology ETF by 0.7% in the second quarter. Keystone Wealth Services LLC now owns 14,098 shares of the exchange traded fund’s stock valued at $2,443,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.0%

Shares of NYSEARCA:IYW opened at $207.92 on Friday. The firm’s 50 day moving average is $193.72 and its two-hundred day moving average is $174.94. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The firm has a market capitalization of $22.20 billion, a P/E ratio of 34.95 and a beta of 1.23.

About iShares U.S. Technology ETF

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).