Brookstone Capital Management Increases Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Brookstone Capital Management raised its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 52.3% in the first quarter, HoldingsChannel reports. The firm owned 76,476 shares of the exchange traded fund’s stock after buying an additional 26,246 shares during the quarter. Brookstone Capital Management’s holdings in iShares U.S. Technology ETF were worth $10,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the first quarter valued at approximately $522,000. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Technology ETF by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 24,184 shares of the exchange traded fund’s stock valued at $3,266,000 after acquiring an additional 327 shares in the last quarter. Ehrlich Financial Group increased its position in iShares U.S. Technology ETF by 109.3% during the 1st quarter. Ehrlich Financial Group now owns 4,337 shares of the exchange traded fund’s stock valued at $586,000 after purchasing an additional 2,265 shares during the period. Flagstar Advisors Inc. raised its holdings in iShares U.S. Technology ETF by 58.5% in the 1st quarter. Flagstar Advisors Inc. now owns 9,488 shares of the exchange traded fund’s stock worth $1,281,000 after purchasing an additional 3,503 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 1st quarter worth about $274,000.

iShares U.S. Technology ETF Trading Up 0.2 %

Shares of IYW opened at $151.10 on Friday. iShares U.S. Technology ETF has a 1-year low of $100.84 and a 1-year high of $154.41. The firm’s 50-day moving average price is $139.74 and its 200-day moving average price is $132.86. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

iShares U.S. Technology ETF Company 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).