Cottonwood Capital Advisors LLC Raises Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cottonwood Capital Advisors LLC raised its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,069 shares of the exchange traded fund’s stock after purchasing an additional 89 shares during the quarter. iShares U.S. Technology ETF comprises about 5.2% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Cottonwood Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in IYW. AQR Capital Management LLC purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at approximately $342,000. Daymark Wealth Partners LLC purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at approximately $545,000. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at approximately $1,791,000. Ascent Group LLC grew its holdings in iShares U.S. Technology ETF by 22.7% during the 2nd quarter. Ascent Group LLC now owns 43,612 shares of the exchange traded fund’s stock valued at $6,564,000 after buying an additional 8,077 shares in the last quarter. Finally, Creative Planning grew its holdings in iShares U.S. Technology ETF by 0.7% during the 2nd quarter. Creative Planning now owns 116,882 shares of the exchange traded fund’s stock valued at $17,591,000 after buying an additional 786 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $164.69 on Friday. The stock has a market capitalization of $20.23 billion, a PE ratio of 38.84 and a beta of 1.43. The business has a 50 day simple moving average of $161.61 and a two-hundred day simple moving average of $153.73. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.83.

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).