Sowell Financial Services LLC Acquires 6,043 Shares of iShares U.S. Technology ETF $IYW

Sowell Financial Services LLC increased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 40.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,077 shares of the exchange traded fund’s stock after purchasing an additional 6,043 shares during the period. Sowell Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $3,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IYW. Hoey Investments Inc. bought a new stake in iShares U.S. Technology ETF in the first quarter worth $27,000. Trust Co. of Vermont bought a new stake in iShares U.S. Technology ETF in the first quarter worth $30,000. Park Square Financial Group LLC boosted its holdings in iShares U.S. Technology ETF by 588.2% in the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in iShares U.S. Technology ETF in the first quarter worth $33,000. Finally, Tidemark LLC boosted its holdings in iShares U.S. Technology ETF by 56.0% in the first quarter. Tidemark LLC now owns 301 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 108 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Trading Up 1.1%

Shares of NYSEARCA:IYW opened at $194.25 on Monday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $194.39. The firm has a fifty day moving average price of $182.59 and a 200 day moving average price of $162.79. The stock has a market capitalization of $24.29 billion, a PE ratio of 34.95 and a beta of 1.15.

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).