Tcfg Wealth Management LLC Takes Position in iShares U.S. Technology ETF $IYW

Tcfg Wealth Management LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,642 shares of the exchange traded fund’s stock, valued at approximately $11,094,000. iShares U.S. Technology ETF makes up 2.8% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Tcfg Wealth Management LLC owned 0.05% of iShares U.S. Technology ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IYW. Laurel Wealth Advisors LLC increased its position in iShares U.S. Technology ETF by 18,553.4% in the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Technology ETF by 52.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after buying an additional 401,472 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of iShares U.S. Technology ETF by 41.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 737,156 shares of the exchange traded fund’s stock valued at $144,379,000 after acquiring an additional 214,654 shares during the period. Pinkerton Wealth LLC bought a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at approximately $34,296,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in iShares U.S. Technology ETF by 14,772.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after acquiring an additional 170,036 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 1.1%

NYSEARCA IYW opened at $188.65 on Thursday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The company’s 50 day moving average is $194.62 and its two-hundred day moving average is $196.50.

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.