Kestra Investment Management LLC Takes Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Kestra Investment Management LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 335 shares of the exchange traded fund’s stock, valued at approximately $53,000.

Other institutional investors have also modified their holdings of the company. Phillips Financial Management LLC raised its stake in shares of iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Brooklyn Investment Group raised its stake in 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 acquiring an additional 91 shares during the period. Avion Wealth acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $47,000. Activest Wealth Management acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $52,000. Finally, China Universal Asset Management Co. Ltd. raised its stake in 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 acquiring an additional 379 shares during the period.

iShares U.S. Technology ETF Stock Down 2.6 %

IYW opened at $161.55 on Friday. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30. The company’s 50-day moving average price is $162.06 and its 200 day moving average price is $155.68.

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).