Ibex Wealth Advisors Makes New Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Ibex Wealth Advisors purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,201 shares of the exchange traded fund’s stock, valued at approximately $2,106,000.

Several other institutional investors have also added to or reduced their stakes in the business. Phillips Financial Management LLC boosted its position in iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 170 shares during the period. Brooklyn Investment Group boosted its stake in shares of iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Activest Wealth Management purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth $52,000. Legacy Investment Solutions LLC purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth $63,000. Finally, PSI Advisors LLC lifted its stake in shares of 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 buying an additional 123 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 1.3 %

iShares U.S. Technology ETF stock traded down $2.03 during midday trading on Wednesday, reaching $159.83. The stock had a trading volume of 53,870 shares, compared to its average volume of 830,475. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The company has a fifty day moving average of $161.70 and a 200 day moving average of $153.73. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $166.83.

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).