Align Financial LLC Invests $23.92 Million in iShares U.S. Technology ETF $IYW

Align Financial LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 119,808 shares of the exchange traded fund’s stock, valued at approximately $23,923,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of iShares U.S. Technology ETF by 15.0% during the 4th quarter. AQR Capital Management LLC now owns 18,331 shares of the exchange traded fund’s stock worth $3,660,000 after acquiring an additional 2,390 shares during the period. EFG International AG bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $180,000. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Technology ETF by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 566,967 shares of the exchange traded fund’s stock worth $113,212,000 after acquiring an additional 15,885 shares during the period. Colter Lewis Investment Partners LLC bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $411,000. Finally, Equitable Holdings Inc. boosted its stake in shares of iShares U.S. Technology ETF by 3.7% during the 4th quarter. Equitable Holdings Inc. now owns 152,043 shares of the exchange traded fund’s stock worth $30,360,000 after acquiring an additional 5,434 shares during the period. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Trading Down 0.7%

Shares of NYSEARCA IYW opened at $246.39 on Thursday. iShares U.S. Technology ETF has a 12 month low of $162.98 and a 12 month high of $261.01. The stock has a 50 day moving average of $230.20 and a 200-day moving average of $207.37. The company has a market capitalization of $24.23 billion, a P/E 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.