Synergy Investment Management LLC Invests $2.09 Million in iShares U.S. Technology ETF (NYSEARCA:IYW)

Synergy Investment Management LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,100 shares of the exchange traded fund’s stock, valued at approximately $2,090,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Phillips Financial Management LLC raised 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 during the last quarter. Brooklyn Investment Group raised its position in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Avion Wealth acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $47,000. SRS Capital Advisors Inc. lifted its stake in shares of iShares U.S. Technology ETF by 43.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 90 shares during the period. Finally, Activest Wealth Management acquired a new stake in iShares U.S. Technology ETF during the third quarter worth about $52,000.

iShares U.S. Technology ETF Stock Down 3.1 %

Shares of IYW opened at $149.91 on Tuesday. The stock’s 50-day moving average price is $161.14 and its 200 day moving average price is $156.54. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14.

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).