iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,353 shares of the exchange traded fund’s stock after buying an additional 900 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Technology ETF by 38.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock worth $1,291,800,000 after buying an additional 2,928,731 shares during the last quarter. International Assets Investment Management LLC raised its stake in iShares U.S. Technology ETF by 13,488.1% in the 4th quarter. International Assets Investment Management LLC now owns 1,145,345 shares of the exchange traded fund’s stock worth $140,591,000 after acquiring an additional 1,136,916 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth $81,091,000. The Manufacturers Life Insurance Company lifted its position in iShares U.S. Technology ETF by 3,606.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 622,757 shares of the exchange traded fund’s stock worth $65,337,000 after acquiring an additional 605,957 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in iShares U.S. Technology ETF by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after purchasing an additional 393,079 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $154.75 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $100.84 and a fifty-two week high of $154.75. The firm has a market capitalization of $19.01 billion, a PE ratio of 38.84 and a beta of 1.43. The stock’s 50-day simple moving average is $142.31 and its 200-day simple moving average is $133.99.

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).