Madrona Financial Services LLC Has $5.37 Million Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Madrona Financial Services LLC boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,675 shares of the exchange traded fund’s stock after purchasing an additional 1,897 shares during the quarter. iShares U.S. Technology ETF comprises 1.5% of Madrona Financial Services LLC’s investment portfolio, making the stock its 15th biggest position. Madrona Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $5,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Magnus Financial Group LLC raised its stake in iShares U.S. Technology ETF by 0.6% during the third quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock worth $1,796,000 after acquiring an additional 67 shares in the last quarter. Marino Stram & Associates LLC grew its holdings in shares of iShares U.S. Technology ETF by 3.7% during the third quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 67 shares during the last quarter. Investment Advisory Group LLC grew its holdings in shares of iShares U.S. Technology ETF by 1.0% during the third quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock worth $1,150,000 after purchasing an additional 73 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 73 shares during the last quarter. Finally, XML Financial LLC grew its holdings in shares of iShares U.S. Technology ETF by 1.7% during the fourth quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock worth $701,000 after purchasing an additional 73 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $164.74 on Thursday. The business’s 50 day simple moving average is $161.29 and its 200 day simple moving average is $153.59. iShares U.S. Technology ETF has a one year low of $124.32 and a one year high of $166.47. The stock has a market capitalization of $20.24 billion, a PE ratio of 38.84 and a beta of 1.43.

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).