Sowell Financial Services LLC Acquires New Stake in iShares U.S. Technology ETF $IYW

Sowell Financial Services LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,675 shares of the exchange traded fund’s stock, valued at approximately $973,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bell Bank acquired a new position in shares of iShares U.S. Technology ETF during the third quarter valued at about $368,000. Eagle Harbor Asset Management Inc. ADV bought a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at about $222,000. Cottonwood Capital Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 0.4% in the third quarter. Cottonwood Capital Advisors LLC now owns 65,056 shares of the exchange traded fund’s stock valued at $17,233,000 after buying an additional 258 shares during the period. Carnegie Investment Counsel acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $6,908,000. Finally, Wagner Wealth Management Corp acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $2,117,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.4%

Shares of NYSEARCA:IYW opened at $249.92 on Friday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The firm has a market capitalization of $24.19 billion, a PE ratio of 34.95 and a beta of 1.35. The business’s 50 day moving average is $256.82 and its 200-day moving average is $243.73.

iShares U.S. Technology ETF Company 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.