Centerline Wealth Advisors LLC Makes New $5.84 Million Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Centerline Wealth Advisors LLC bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 36,567 shares of the exchange traded fund’s stock, valued at approximately $5,836,000. iShares U.S. Technology ETF accounts for 3.4% of Centerline Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding.

Several other hedge funds have also made changes to their positions in IYW. International Assets Investment Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after buying an additional 3,179,355 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Technology ETF by 4,550.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after buying an additional 541,550 shares during the period. HighTower Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 55.1% in the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after buying an additional 128,052 shares during the period. LPL Financial LLC increased its holdings in shares of iShares U.S. Technology ETF by 3.0% in the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after acquiring an additional 120,614 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $15,272,000.

iShares U.S. Technology ETF Trading Up 0.4 %

Shares of NYSEARCA:IYW opened at $161.94 on Friday. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $166.83. The business’s fifty day simple moving average is $161.91 and its 200-day simple moving average is $154.10. The company has a market capitalization of $19.89 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).