World Investment Advisors Grows Stock Position in iShares U.S. Technology ETF $IYW

World Investment Advisors grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 84.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,127 shares of the exchange traded fund’s stock after buying an additional 6,461 shares during the quarter. World Investment Advisors’ holdings in iShares U.S. Technology ETF were worth $2,821,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IYW. CWA Asset Management Group LLC grew its holdings in iShares U.S. Technology ETF by 0.7% during the fourth quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock worth $1,389,000 after acquiring an additional 50 shares during the period. Lavaca Capital LLC lifted its holdings in iShares U.S. Technology ETF by 1.0% in the fourth quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock valued at $1,210,000 after acquiring an additional 59 shares during the period. Tiller Private Wealth Inc. lifted its holdings in iShares U.S. Technology ETF by 3.2% in the fourth quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 60 shares during the period. Center For Asset Management LLC boosted its position in iShares U.S. Technology ETF by 3.7% in the 4th quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 60 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its position in iShares U.S. Technology ETF by 0.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock worth $1,703,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $253.57 on Friday. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12 month low of $162.98 and a 12 month high of $261.01. The firm’s 50 day simple moving average is $232.73 and its 200-day simple moving average is $208.07.

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). 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.