3,267 Shares in iShares U.S. Technology ETF $IYW Purchased by Madrid Wealth Management LLC

Madrid Wealth Management LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,267 shares of the exchange traded fund’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Bancorp boosted its position in shares of iShares U.S. Technology ETF by 4.7% in the 4th quarter. Fifth Third Bancorp now owns 3,034 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 137 shares in the last quarter. Uptick Partners LLC purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at $228,000. Citizens Financial Group Inc. RI boosted its holdings in iShares U.S. Technology ETF by 16.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 20,358 shares of the exchange traded fund’s stock worth $4,065,000 after acquiring an additional 2,947 shares in the last quarter. Activest Wealth Management grew its stake in shares of iShares U.S. Technology ETF by 1,246.1% in the fourth quarter. Activest Wealth Management now owns 15,615 shares of the exchange traded fund’s stock worth $3,118,000 after acquiring an additional 14,455 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in shares of iShares U.S. Technology ETF by 0.9% in the fourth quarter. Laurel Wealth Advisors LLC now owns 22,372 shares of the exchange traded fund’s stock worth $4,467,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW opened at $218.11 on Friday. The firm has a market cap of $21.42 billion, a PE ratio of 34.95 and a beta of 1.27. The stock has a 50-day moving average price of $194.62 and a 200-day moving average price of $197.61. iShares U.S. Technology ETF has a 1 year low of $144.44 and a 1 year high of $218.59.

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.