iShares U.S. Technology ETF $IYW Stock: Kestra Advisory Services LLC Grows Holdings

Kestra Advisory Services LLC grew its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 483,241 shares of the exchange traded fund’s stock after purchasing an additional 5,513 shares during the period. Kestra Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $128,011,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IYW. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after buying an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Technology ETF in the second quarter valued at approximately $200,579,000. Hsbc Holdings PLC lifted its holdings in iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after buying an additional 91,338 shares during the period. Commonwealth Equity Services LLC bought a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $150,156,000. Finally, First Merchants Corp bought a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $42,477,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $224.13 on Friday. The firm’s 50 day moving average price is $256.17 and its two-hundred day moving average price is $230.06. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The stock has a market cap of $21.96 billion, a PE ratio of 34.95 and a beta of 1.37.

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). 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.