WealthTrak Capital Management LLC Buys New Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

WealthTrak Capital Management LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,189 shares of the exchange traded fund’s stock, valued at approximately $509,000.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 23.7% during the 4th quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after purchasing an additional 977,883 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares U.S. Technology ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock worth $545,713,000 after purchasing an additional 314,689 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $256,146,000. Dynasty Wealth Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 54.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after buying an additional 497,043 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares U.S. Technology ETF by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock valued at $148,638,000 after buying an additional 18,382 shares during the period.

iShares U.S. Technology ETF Stock Down 2.8 %

Shares of IYW opened at $140.66 on Friday. The stock’s 50-day moving average price is $155.45 and its 200 day moving average price is $156.42. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30.

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).