LGT Financial Advisors LLC Grows Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

LGT Financial Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 45.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,767 shares of the exchange traded fund’s stock after purchasing an additional 549 shares during the quarter. LGT Financial Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $266,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in iShares U.S. Technology ETF by 38.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock worth $1,291,800,000 after buying an additional 2,928,731 shares during the period. Dynasty Wealth Management LLC acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter worth approximately $119,223,000. Janney Montgomery Scott LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $81,091,000. Cetera Investment Advisers grew its holdings in iShares U.S. Technology ETF by 131.6% in the first quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock valued at $100,350,000 after purchasing an additional 422,212 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in iShares U.S. Technology ETF by 45.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after purchasing an additional 393,079 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $141.04 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $100.84 and a fifty-two week high of $158.97. The company’s fifty day moving average is $147.33 and its two-hundred day moving average is $140.48. The firm has a market cap of $17.33 billion, a PE ratio of 38.84 and a beta of 1.43.

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).