Physician Wealth Advisors Inc. Raises Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Physician Wealth Advisors Inc. boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,396 shares of the exchange traded fund’s stock after buying an additional 6,152 shares during the quarter. iShares U.S. Technology ETF makes up approximately 1.4% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 20th largest holding. Physician Wealth Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $6,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RFG Advisory LLC lifted its stake in iShares U.S. Technology ETF by 10.2% in the 4th quarter. RFG Advisory LLC now owns 33,429 shares of the exchange traded fund’s stock worth $4,103,000 after purchasing an additional 3,095 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its stake in iShares U.S. Technology ETF by 987.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 310,777 shares of the exchange traded fund’s stock worth $32,607,000 after purchasing an additional 282,186 shares in the last quarter. Occidental Asset Management LLC lifted its stake in iShares U.S. Technology ETF by 3.2% in the 4th quarter. Occidental Asset Management LLC now owns 5,709 shares of the exchange traded fund’s stock worth $701,000 after purchasing an additional 178 shares in the last quarter. West Wealth Group LLC lifted its stake in iShares U.S. Technology ETF by 27.5% in the 4th quarter. West Wealth Group LLC now owns 64,329 shares of the exchange traded fund’s stock worth $7,896,000 after purchasing an additional 13,881 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in iShares U.S. Technology ETF by 45.5% in the 4th 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 in the last quarter.

iShares U.S. Technology ETF Stock Down 0.4 %

IYW traded down $0.60 during trading on Friday, reaching $150.50. The company’s stock had a trading volume of 969,723 shares, compared to its average volume of 886,756. The firm has a fifty day simple moving average of $140.26 and a two-hundred day simple moving average of $133.17. iShares U.S. Technology ETF has a 1 year low of $100.84 and a 1 year high of $154.41. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).