3Chopt Investment Partners LLC Takes Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

3Chopt Investment Partners LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,750 shares of the exchange traded fund’s stock, valued at approximately $414,000.

A number of other hedge funds have also recently added to or reduced their stakes in IYW. Envestnet Asset Management Inc. boosted its position in iShares U.S. Technology ETF by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,813,520 shares of the exchange traded fund’s stock valued at $1,777,935,000 after buying an additional 371,517 shares during the last quarter. FIL Ltd lifted its stake in shares of iShares U.S. Technology ETF by 33.2% during the fourth quarter. FIL Ltd now owns 1,456,287 shares of the exchange traded fund’s stock valued at $178,759,000 after acquiring an additional 363,201 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in iShares U.S. Technology ETF by 2.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,390,175 shares of the exchange traded fund’s stock valued at $209,221,000 after acquiring an additional 30,147 shares during the last quarter. CWM LLC increased its position in iShares U.S. Technology ETF by 8.8% in the first quarter. CWM LLC now owns 1,173,803 shares of the exchange traded fund’s stock worth $158,534,000 after purchasing an additional 95,066 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in iShares U.S. Technology ETF by 1.3% during the 2nd quarter. Park Avenue Securities LLC now owns 1,068,282 shares of the exchange traded fund’s stock worth $160,776,000 after purchasing an additional 13,629 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 2.3 %

iShares U.S. Technology ETF stock opened at $148.14 on Wednesday. iShares U.S. Technology ETF has a 1 year low of $100.84 and a 1 year high of $158.97. The company’s 50-day moving average is $144.91 and its two-hundred day moving average is $142.37. The company has a market cap of $18.20 billion, a PE ratio of 38.84 and a beta of 1.43.

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).