HighTower Advisors LLC Buys 14,742 Shares of iShares U.S. Technology ETF $IYW

HighTower Advisors LLC boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 389,331 shares of the exchange traded fund’s stock after purchasing an additional 14,742 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $76,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in iShares U.S. Technology ETF by 99.1% during the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after buying an additional 53,466 shares during the period. Sigma Investment Counselors Inc. bought a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $224,000. Ashton Thomas Securities LLC bought a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $1,093,000. HB Wealth Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 48.2% in the third quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock worth $3,274,000 after acquiring an additional 5,439 shares during the period. Finally, Moulton Wealth Management Inc. bought a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $2,839,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $190.54 on Tuesday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The company has a 50 day simple moving average of $198.85 and a two-hundred day simple moving average of $195.23. The company has a market capitalization of $19.94 billion, a PE ratio of 34.95 and a beta of 1.23.

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.