Parallel Advisors LLC Boosts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Parallel Advisors LLC lifted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,086 shares of the exchange traded fund’s stock after purchasing an additional 185 shares during the quarter. Parallel Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $4,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Phillips Financial Management LLC boosted its holdings in shares of iShares U.S. Technology ETF by 1,545.5% in 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 in the last quarter. Brooklyn Investment Group boosted its holdings in 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 valued at $32,000 after acquiring an additional 91 shares during the period. Avion Wealth purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at about $47,000. SRS Capital Advisors Inc. boosted its holdings in iShares U.S. Technology ETF by 43.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 90 shares during the period. Finally, Activest Wealth Management purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at about $52,000.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $146.78 on Tuesday. The stock has a market capitalization of $18.31 billion, a PE ratio of 33.00 and a beta of 1.16. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $167.30. The business has a 50-day moving average of $157.87 and a 200 day moving average of $156.39.

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).