Navellier & Associates Inc. Acquires New Holdings in iShares U.S. Technology ETF $IYW

Navellier & Associates Inc. bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,543 shares of the exchange traded fund’s stock, valued at approximately $1,673,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of iShares U.S. Technology ETF by 99.1% during the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after acquiring an additional 53,466 shares in the last quarter. Sigma Investment Counselors Inc. purchased a new position in iShares U.S. Technology ETF in the second quarter worth $224,000. Ashton Thomas Securities LLC acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth $1,093,000. HB Wealth Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 48.2% during the 3rd quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock valued at $3,274,000 after purchasing an additional 5,439 shares during the last quarter. Finally, Moulton Wealth Management Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $2,839,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $195.31 on Wednesday. The stock’s fifty day moving average price is $199.70 and its 200 day moving average price is $194.93. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.