Sovran Advisors LLC Takes $4.85 Million Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Sovran Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 30,987 shares of the exchange traded fund’s stock, valued at approximately $4,853,000.

Other large investors also recently modified their holdings of the company. Phillips Financial Management LLC increased its position in shares of iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 170 shares during the period. Brooklyn Investment Group increased its position in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the period. Activest Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $52,000. China Universal Asset Management Co. Ltd. increased its position in shares of iShares U.S. Technology ETF by 37,900.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 379 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $63,000.

iShares U.S. Technology ETF Stock Up 1.4 %

IYW opened at $162.66 on Tuesday. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $166.83. The company has a fifty day moving average of $161.96 and a 200-day moving average of $154.40. The stock has a market cap of $19.98 billion, a PE ratio of 38.84 and a beta of 1.43.

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).