iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. increased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,613 shares of the exchange traded fund’s stock after purchasing an additional 182 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares U.S. Technology ETF were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYW. Envestnet Asset Management Inc. raised its position in iShares U.S. Technology ETF by 38.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after acquiring an additional 2,928,731 shares in the last quarter. International Assets Investment Management LLC raised its position in iShares U.S. Technology ETF by 13,488.1% during 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $81,091,000. The Manufacturers Life Insurance Company raised its position in iShares U.S. Technology ETF by 3,606.9% during the third quarter. The Manufacturers Life Insurance Company now owns 622,757 shares of the exchange traded fund’s stock valued at $65,337,000 after acquiring an additional 605,957 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of iShares U.S. Technology ETF by 45.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after buying an additional 393,079 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 1.7 %

Shares of iShares U.S. Technology ETF stock traded up $2.52 on Tuesday, reaching $150.33. The company’s stock had a trading volume of 1,403,291 shares, compared to its average volume of 887,945. The company has a market capitalization of $18.47 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 52-week low of $100.84 and a 52-week high of $154.41. The stock has a 50-day moving average price of $138.86 and a 200-day moving average price of $132.60.

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).