Financial Advocates Investment Management Grows Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Financial Advocates Investment Management boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 192.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,652 shares of the exchange traded fund’s stock after buying an additional 23,469 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares U.S. Technology ETF were worth $5,406,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of iShares U.S. Technology ETF by 29,435.7% in the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after buying an additional 3,179,355 shares during the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of iShares U.S. Technology ETF during the 1st quarter worth approximately $119,223,000. 1832 Asset Management L.P. grew its position in shares of iShares U.S. Technology ETF by 173.9% in the second quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock valued at $153,901,000 after purchasing an additional 649,192 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of iShares U.S. Technology ETF by 1,170.2% in the second quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock valued at $86,174,000 after purchasing an additional 527,510 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of 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 last quarter.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $155.98 on Thursday. The stock’s fifty day moving average is $149.80 and its two-hundred day moving average is $145.17. The firm has a market capitalization of $19.16 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $102.37 and a fifty-two week high of $158.97.

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).