Kovitz Investment Group Partners LLC Boosts Stock Position in iShares U.S. Technology ETF $IYW

Kovitz Investment Group Partners LLC lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 268,224 shares of the exchange traded fund’s stock after purchasing an additional 20,037 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.25% of iShares U.S. Technology ETF worth $52,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYW. AQR Capital Management LLC boosted its position in shares of iShares U.S. Technology ETF by 58.1% during the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 3,699 shares during the last quarter. D.A. Davidson & CO. raised its stake in iShares U.S. Technology ETF by 4.3% during the second quarter. D.A. Davidson & CO. now owns 11,358 shares of the exchange traded fund’s stock worth $1,968,000 after purchasing an additional 469 shares during the period. Rehmann Capital Advisory Group acquired a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $228,000. Freedom Investment Management Inc. grew its stake in shares of iShares U.S. Technology ETF by 13.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 3,210 shares of the exchange traded fund’s stock valued at $556,000 after buying an additional 375 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of iShares U.S. Technology ETF by 70.7% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 6,054 shares of the exchange traded fund’s stock worth $1,049,000 after buying an additional 2,508 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $192.93 on Friday. The firm has a market cap of $20.19 billion, a PE ratio of 34.95 and a beta of 1.23. The firm’s 50 day moving average price is $197.98 and its 200-day moving average price is $195.47. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98.

iShares U.S. Technology ETF 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.