Westover Capital Advisors LLC Acquires New Shares in iShares U.S. Technology ETF $IYW

Westover Capital Advisors LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the exchange traded fund’s stock, valued at approximately $1,060,000.

Other institutional investors also recently bought and sold shares of the company. Leo Wealth LLC bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth about $283,000. Nadler Financial Group Inc. bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $217,000. Kingswood Wealth Advisors LLC lifted its holdings in iShares U.S. Technology ETF by 3.7% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 47,677 shares of the exchange traded fund’s stock valued at $12,630,000 after buying an additional 1,692 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $6,762,000. Finally, Samalin Investment Counsel LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth $680,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $252.88 on Tuesday. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The company’s 50-day simple moving average is $256.81 and its two-hundred day simple moving average is $228.35. iShares U.S. Technology ETF has a one year low of $172.54 and a one year 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.