TRUE Private Wealth Advisors Grows Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

TRUE Private Wealth Advisors boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,209 shares of the exchange traded fund’s stock after buying an additional 704 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $4,567,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Verger Capital Management LLC lifted its holdings in iShares U.S. Technology ETF by 4.4% during the 4th quarter. Verger Capital Management LLC now owns 5,729 shares of the exchange traded fund’s stock worth $703,000 after purchasing an additional 244 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $228,000. Wealth Alliance raised its holdings in shares of iShares U.S. Technology ETF by 34.6% during the 4th quarter. Wealth Alliance now owns 50,890 shares of the exchange traded fund’s stock valued at $6,247,000 after buying an additional 13,069 shares in the last quarter. Marino Stram & Associates LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $217,000. Finally, Cardinal Strategic Wealth Guidance grew its position in iShares U.S. Technology ETF by 64.4% during the 4th quarter. Cardinal Strategic Wealth Guidance now owns 33,220 shares of the exchange traded fund’s stock worth $4,078,000 after acquiring an additional 13,012 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

IYW traded down $0.65 on Wednesday, hitting $130.73. 181,588 shares of the company were exchanged, compared to its average volume of 835,305. The firm has a fifty day simple moving average of $133.55 and a two-hundred day simple moving average of $122.78. iShares U.S. Technology ETF has a 12 month low of $88.64 and a 12 month high of $137.54. The stock has a market capitalization of $15.95 billion, a PE ratio of 40.59 and a beta of 1.39.

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).