IFP Advisors Inc Purchases 20,476 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

IFP Advisors Inc lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 154.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,691 shares of the exchange traded fund’s stock after acquiring an additional 20,476 shares during the quarter. IFP Advisors Inc’s holdings in iShares U.S. Technology ETF were worth $5,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after acquiring an additional 541,550 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth $38,293,000. HighTower Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 55.1% during the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after purchasing an additional 128,052 shares during the period. LPL Financial LLC grew its stake in shares of iShares U.S. Technology ETF by 3.0% in the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after purchasing an additional 120,614 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in iShares U.S. Technology ETF in the fourth quarter valued at $15,272,000.

iShares U.S. Technology ETF Trading Down 1.5 %

Shares of IYW opened at $159.14 on Tuesday. The stock’s 50-day moving average price is $161.92 and its two-hundred day moving average price is $156.13. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $167.30. The company has a market capitalization of $19.55 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).