Mosley Wealth Management Purchases Shares of 17,302 iShares U.S. Technology ETF $IYW

Mosley Wealth Management purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,302 shares of the exchange traded fund’s stock, valued at approximately $3,475,000. iShares U.S. Technology ETF accounts for 1.6% of Mosley Wealth Management’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors also recently made changes to their positions in the company. Kovack Advisors Inc. increased its stake in shares of iShares U.S. Technology ETF by 110.0% in the fourth quarter. Kovack Advisors Inc. now owns 10,620 shares of the exchange traded fund’s stock valued at $2,121,000 after purchasing an additional 5,562 shares during the period. Empowered Funds LLC increased its stake in shares of iShares U.S. Technology ETF by 42.7% in the fourth quarter. Empowered Funds LLC now owns 5,279 shares of the exchange traded fund’s stock valued at $1,054,000 after purchasing an additional 1,579 shares during the period. Smithbridge Asset Management Inc. DE increased its stake in shares of iShares U.S. Technology ETF by 76.8% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,188 shares of the exchange traded fund’s stock valued at $637,000 after purchasing an additional 1,385 shares during the period. Signet Private Wealth LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $880,000. Finally, First American Trust FSB acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $450,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 3.4%

Shares of NYSEARCA:IYW opened at $243.35 on Friday. The firm’s 50 day moving average is $225.16 and its two-hundred day moving average is $205.90. iShares U.S. Technology ETF has a 52 week low of $162.80 and a 52 week high of $261.01. The firm has a market capitalization of $23.93 billion, a P/E ratio of 34.95 and a beta of 1.36.

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.