Gallagher Capital Advisors LLC Invests $4.27 Million in iShares U.S. Technology ETF (NYSEARCA:IYW)

Gallagher Capital Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 26,737 shares of the exchange traded fund’s stock, valued at approximately $4,265,000. iShares U.S. Technology ETF comprises approximately 3.1% of Gallagher Capital Advisors LLC’s portfolio, making the stock its 10th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Phillips Financial Management LLC boosted its holdings in shares of 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 worth $27,000 after purchasing an additional 170 shares during the last quarter. Brooklyn Investment Group lifted its position in 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 worth $32,000 after buying an additional 91 shares in the last quarter. Avion Wealth acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth $47,000. SRS Capital Advisors Inc. boosted its stake in iShares U.S. Technology ETF by 43.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 90 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at $52,000.

iShares U.S. Technology ETF Stock Up 1.1 %

NYSEARCA IYW opened at $149.09 on Monday. The business’s fifty day simple moving average is $159.93 and its 200-day simple moving average is $156.54. The firm has a market cap of $18.73 billion, a PE ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 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).