Madrona Financial Services LLC Purchases 1,897 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Madrona Financial Services LLC increased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,675 shares of the exchange traded fund’s stock after acquiring an additional 1,897 shares during the quarter. iShares U.S. Technology ETF comprises 1.5% of Madrona Financial Services LLC’s investment portfolio, making the stock its 15th largest holding. Madrona Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $5,372,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IYW. International Assets Investment Management LLC grew its holdings in iShares U.S. Technology ETF by 29,435.7% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after buying an additional 541,550 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $57,410,000. HighTower Advisors LLC grew its holdings in iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after buying an additional 128,052 shares in the last quarter. Finally, LPL Financial LLC lifted its position in 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 worth $626,712,000 after buying an additional 120,614 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $164.74 on Thursday. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $166.47. The stock has a 50 day moving average price of $161.29 and a two-hundred day moving average price of $153.59. The company has a market capitalization of $20.24 billion, a P/E 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).