IFG Advisory LLC Boosts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

IFG Advisory LLC grew its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,694 shares of the exchange traded fund’s stock after buying an additional 885 shares during the quarter. IFG Advisory LLC’s holdings in iShares U.S. Technology ETF were worth $4,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares U.S. Technology ETF by 45.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after buying an additional 393,079 shares in the last quarter. Dodds Wealth LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth approximately $235,000. Calton & Associates Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth approximately $329,000. Sovereign Financial Group Inc. increased its position in shares of iShares U.S. Technology ETF by 11.7% during the fourth quarter. Sovereign Financial Group Inc. now owns 5,431 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 567 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its position in shares of iShares U.S. Technology ETF by 24.1% during the fourth quarter. Hanlon Investment Management Inc. now owns 3,686 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 716 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $147.76 on Friday. iShares U.S. Technology ETF has a one year low of $100.84 and a one year high of $158.97. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The stock has a 50 day moving average price of $147.91 and a 200 day moving average price of $140.24.

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).