Apollon Wealth Management LLC Purchases 1,588 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Apollon Wealth Management LLC lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,687 shares of the exchange traded fund’s stock after purchasing an additional 1,588 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $5,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IYW. PGIM Custom Harvest LLC raised its stake in shares of iShares U.S. Technology ETF by 1.9% during the 3rd quarter. PGIM Custom Harvest LLC now owns 4,311,874 shares of the exchange traded fund’s stock worth $452,402,000 after purchasing an additional 81,615 shares during the period. International Assets Investment Management LLC boosted its stake in iShares U.S. Technology ETF by 13,488.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,145,345 shares of the exchange traded fund’s stock valued at $140,591,000 after acquiring an additional 1,136,916 shares during the last quarter. CWM LLC grew its position in shares of iShares U.S. Technology ETF by 50.1% during the 4th quarter. CWM LLC now owns 1,078,737 shares of the exchange traded fund’s stock valued at $132,415,000 after acquiring an additional 360,020 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,004,033 shares of the exchange traded fund’s stock worth $105,271,000 after purchasing an additional 9,630 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of iShares U.S. Technology ETF by 5.5% in the 3rd quarter. Royal Bank of Canada now owns 909,070 shares of the exchange traded fund’s stock worth $95,379,000 after purchasing an additional 47,666 shares during the period.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW traded up $2.06 on Monday, hitting $134.23. 914,874 shares of the stock traded hands, compared to its average volume of 897,636. The business’s fifty day moving average is $132.72 and its two-hundred day moving average is $124.70. iShares U.S. Technology ETF has a 12 month low of $92.64 and a 12 month high of $137.54. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).