Avidian Wealth Enterprises LLC Acquires New Shares in iShares U.S. Technology ETF $IYW

Avidian Wealth Enterprises LLC bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,441 shares of the exchange traded fund’s stock, valued at approximately $5,150,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after buying an additional 31,952 shares in the last quarter. Hsbc Holdings PLC lifted its stake in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after buying an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Technology ETF in the 2nd quarter worth about $200,579,000. Finally, Kestra Advisory Services LLC increased its stake in iShares U.S. Technology ETF by 11.0% during the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 1.6%

Shares of iShares U.S. Technology ETF stock traded down $4.33 during mid-day trading on Thursday, reaching $267.19. 1,397,024 shares of the stock traded hands, compared to its average volume of 1,082,842. The stock has a market capitalization of $26.75 billion, a PE ratio of 34.95 and a beta of 1.35. The business has a 50-day moving average of $254.68 and a 200 day moving average of $237.73. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44.

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.