Tcfg Wealth Management LLC Invests $11.09 Million in iShares U.S. Technology ETF $IYW

Tcfg Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,642 shares of the exchange traded fund’s stock, valued at approximately $11,094,000. iShares U.S. Technology ETF comprises about 0.9% of Tcfg Wealth Management LLC’s holdings, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC grew its holdings in iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after acquiring an additional 3,670,235 shares during the period. UBS Group AG raised its position in shares of iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after acquiring an additional 72,485 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after purchasing an additional 97,389 shares during the period. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after purchasing an additional 401,472 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after purchasing an additional 27,056 shares during the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Up 0.5%

Shares of iShares U.S. Technology ETF stock opened at $190.81 on Wednesday. The business has a fifty day simple moving average of $194.90 and a 200 day simple moving average of $196.56. The stock has a market cap of $19.97 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98.

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.