Focus Partners Advisor Solutions LLC Boosts Stock Holdings in iShares U.S. Technology ETF $IYW

Focus Partners Advisor Solutions LLC lifted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 158.4% during the fourth quarter, Holdings Channel reports. The fund owned 9,888 shares of the exchange traded fund’s stock after acquiring an additional 6,061 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in iShares U.S. Technology ETF were worth $1,975,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IYW. JPMorgan Chase & Co. increased its holdings in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares during the last quarter. UBS Group AG increased its holdings in iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after buying an additional 72,485 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after buying an additional 27,056 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares U.S. Technology ETF by 2.3% in the fourth quarter. RiverFront Investment Group LLC now owns 918,400 shares of the exchange traded fund’s stock valued at $183,386,000 after buying an additional 20,409 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $235.40 on Thursday. The firm has a market capitalization of $23.15 billion, a PE ratio of 34.95 and a beta of 1.36. The business’s fifty day moving average price is $223.93 and its 200 day moving average price is $205.52. iShares U.S. Technology ETF has a 12 month low of $162.80 and a 12 month high of $261.01.

About iShares U.S. Technology ETF

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.