Arete Wealth Advisors LLC Acquires 1,194 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Arete Wealth Advisors LLC grew its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 39.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,193 shares of the exchange traded fund’s stock after purchasing an additional 1,194 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $670,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Howard Capital Management Group LLC lifted its stake in iShares U.S. Technology ETF by 1.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock valued at $31,677,000 after acquiring an additional 2,312 shares in the last quarter. FMR LLC lifted its position in shares of iShares U.S. Technology ETF by 11.0% during the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in iShares U.S. Technology ETF by 62.6% during the third quarter. Quantinno Capital Management LP now owns 6,011 shares of the exchange traded fund’s stock worth $912,000 after purchasing an additional 2,314 shares during the last quarter. Quadrature Capital Ltd grew its position in iShares U.S. Technology ETF by 24.3% in the 3rd quarter. Quadrature Capital Ltd now owns 6,843 shares of the exchange traded fund’s stock worth $1,038,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $249,000.

iShares U.S. Technology ETF Stock Down 6.4 %

Shares of NYSEARCA IYW opened at $124.50 on Friday. The company has a market capitalization of $15.53 billion, a PE ratio of 31.74 and a beta of 1.22. The stock’s 50 day moving average price is $152.70 and its 200-day moving average price is $156.12. iShares U.S. Technology ETF has a twelve month low of $124.25 and a twelve month high of $167.30.

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).