iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Acquired by RiverFront Investment Group LLC

RiverFront Investment Group LLC lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 552,862 shares of the exchange traded fund’s stock after acquiring an additional 13,588 shares during the quarter. iShares U.S. Technology ETF makes up about 2.1% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 13th biggest position. RiverFront Investment Group LLC’s holdings in iShares U.S. Technology ETF were worth $67,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in iShares U.S. Technology ETF in the third quarter worth $33,000. Sheets Smith Wealth Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth $35,000. LWM Advisory Services LLC bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth $40,000. Headinvest LLC bought a new position in iShares U.S. Technology ETF during the third quarter valued at about $42,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in iShares U.S. Technology ETF during the third quarter valued at about $43,000.

iShares U.S. Technology ETF Trading Up 2.1 %

IYW stock traded up $2.75 during trading hours on Friday, hitting $130.95. 798,608 shares of the stock traded hands, compared to its average volume of 901,852. The stock has a 50-day simple moving average of $132.87 and a 200 day simple moving average of $123.76. iShares U.S. Technology ETF has a one year low of $90.75 and a one year high of $137.54. The company has a market cap of $15.98 billion, a P/E ratio of 40.59 and a beta of 1.39.

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).