Worth Asset Management LLC Purchases New Shares in iShares U.S. Technology ETF $IYW

Worth Asset Management LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,996 shares of the exchange traded fund’s stock, valued at approximately $1,512,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IYW. GKV Capital Management Co. Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 3.2% during the first quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 46 shares during the last quarter. Lavaca Capital LLC boosted its position in shares of iShares U.S. Technology ETF by 1.0% in the fourth quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock valued at $1,210,000 after acquiring an additional 59 shares during the period. Quadrant Private Wealth Management LLC grew its stake in shares of iShares U.S. Technology ETF by 0.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 60 shares during the last quarter. Americana Partners LLC increased its position in iShares U.S. Technology ETF by 3.0% during the fourth quarter. Americana Partners LLC now owns 2,111 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 62 shares during the period. Finally, Claro Advisors Inc. increased its position in iShares U.S. Technology ETF by 4.8% during the fourth quarter. Claro Advisors Inc. now owns 1,368 shares of the exchange traded fund’s stock worth $273,000 after acquiring an additional 63 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $254.05 on Friday. The stock has a market cap of $25.16 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $261.01. The company has a fifty day moving average price of $245.57 and a 200 day moving average price of $218.65.

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.