Livet Wealth LLC Makes New $450,000 Investment in iShares U.S. Technology ETF $IYW

Livet Wealth LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,253 shares of the exchange traded fund’s stock, valued at approximately $450,000.

Other hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Kingdom Financial Group LLC. acquired a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP acquired a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $41,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at approximately $44,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 0.6%

Shares of NYSEARCA:IYW opened at $244.83 on Friday. iShares U.S. Technology ETF has a 52 week low of $162.80 and a 52 week high of $261.01. The company’s 50 day moving average is $226.37 and its two-hundred day moving average is $206.17. The company has a market cap of $24.08 billion, a PE ratio of 34.95 and a beta of 1.36.

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.