Valmark Advisers Inc. Raises Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Valmark Advisers Inc. boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,967 shares of the exchange traded fund’s stock after buying an additional 4,757 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares U.S. Technology ETF were worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in iShares U.S. Technology ETF by 11.0% in the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after buying an additional 6,225 shares in the last quarter. Natixis Advisors LLC boosted its stake in iShares U.S. Technology ETF by 28.1% in the third quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock worth $2,447,000 after buying an additional 3,539 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in iShares U.S. Technology ETF by 1.9% in the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in iShares U.S. Technology ETF by 81.7% in the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 245 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in iShares U.S. Technology ETF by 21.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,875 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 330 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $165.87 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $166.83. The stock has a 50 day moving average price of $161.93 and a two-hundred day moving average price of $154.90. The company has a market capitalization of $20.38 billion, a P/E ratio of 38.84 and a beta of 1.43.

iShares U.S. Technology ETF 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).