25,723 Shares in iShares U.S. Technology ETF $IYW Purchased by WealthCare Asset Management LLC

WealthCare Asset Management LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,723 shares of the exchange traded fund’s stock, valued at approximately $5,073,000. iShares U.S. Technology ETF makes up 3.4% of WealthCare Asset Management LLC’s holdings, making the stock its 7th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in iShares U.S. Technology ETF by 38.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,595 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 1,265 shares during the last quarter. Ibex Wealth Advisors lifted its stake in iShares U.S. Technology ETF by 57.8% during the fourth quarter. Ibex Wealth Advisors now owns 11,410 shares of the exchange traded fund’s stock worth $2,278,000 after purchasing an additional 4,178 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in iShares U.S. Technology ETF by 40.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 3,334 shares of the exchange traded fund’s stock worth $666,000 after purchasing an additional 954 shares during the last quarter. &PARTNERS lifted its stake in iShares U.S. Technology ETF by 34.0% during the fourth quarter. &PARTNERS now owns 90,781 shares of the exchange traded fund’s stock worth $18,132,000 after purchasing an additional 23,043 shares during the last quarter. Finally, 71 West Capital Partners bought a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $302,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.3%

Shares of IYW stock opened at $248.07 on Wednesday. The business has a 50-day moving average price of $229.00 and a two-hundred day moving average price of $207.02. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The firm has a market cap of $24.40 billion, a P/E ratio of 34.95 and a beta of 1.36.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.