Client 1ST Advisory Group LLC Invests $2.18 Million in iShares U.S. Technology ETF (NYSEARCA:IYW)

Client 1ST Advisory Group LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 13,640 shares of the exchange traded fund’s stock, valued at approximately $2,176,000. iShares U.S. Technology ETF comprises approximately 0.8% of Client 1ST Advisory Group LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Brooklyn Investment Group increased its position in shares of iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Activest Wealth Management purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth $52,000. Legacy Investment Solutions LLC acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $63,000. Finally, PSI Advisors LLC grew its stake in iShares U.S. Technology ETF by 36.2% during the 4th quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock valued at $74,000 after purchasing an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Stock Up 1.6 %

Shares of NYSEARCA:IYW opened at $161.29 on Monday. iShares U.S. Technology ETF has a 52-week low of $123.78 and a 52-week high of $166.47. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The business has a 50-day moving average price of $161.12 and a 200-day moving average price of $153.41.

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).