Hobbs Wealth Management LLC Takes $3.09 Million Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Hobbs Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,347 shares of the exchange traded fund’s stock, valued at approximately $3,086,000. iShares U.S. Technology ETF accounts for about 3.5% of Hobbs Wealth Management LLC’s holdings, making the stock its 9th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in IYW. FMR LLC increased its position in shares of iShares U.S. Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares during the last quarter. Howard Capital Management Group LLC increased its holdings in iShares U.S. Technology ETF by 1.1% in the third quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock valued at $31,677,000 after buying an additional 2,312 shares during the last quarter. Brooklyn Investment Group raised its stake in iShares U.S. Technology ETF by 84.3% in 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 in the last quarter. Ridgeline Wealth LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth about $1,684,000. Finally, Barclays PLC boosted its position in shares of iShares U.S. Technology ETF by 192.7% during the 3rd quarter. Barclays PLC now owns 15,437 shares of the exchange traded fund’s stock worth $2,340,000 after acquiring an additional 10,163 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $132.85 on Friday. The stock’s 50-day simple moving average is $149.18 and its 200-day simple moving average is $155.37. The firm has a market capitalization of $16.57 billion, a PE ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $167.30.

iShares U.S. Technology ETF Company 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).