iShares U.S. Technology ETF $IYW Shares Newly Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,675 shares of the exchange traded fund’s stock, valued at approximately $973,000.

Several other large investors also recently made changes to their positions in the company. Evergreen Capital Management LLC acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $473,000. Altura Wealth Advisors Inc. boosted its position in shares of iShares U.S. Technology ETF by 38.9% during the third quarter. Altura Wealth Advisors Inc. now owns 1,496 shares of the exchange traded fund’s stock worth $396,000 after buying an additional 419 shares during the period. Manchester Capital Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth approximately $786,000. Gibson Capital LLC acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth approximately $408,000. Finally, Capital Investment Advisors LLC bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $27,180,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $242.67 on Monday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $274.44. The stock has a market cap of $23.68 billion, a P/E ratio of 34.95 and a beta of 1.35. The stock’s 50 day moving average price is $257.04 and its 200 day moving average price is $229.36.

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). 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.