Lifestyle Asset Management Inc. Boosts Position in iShares U.S. Technology ETF $IYW

Lifestyle Asset Management Inc. raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 34.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,246 shares of the exchange traded fund’s stock after buying an additional 4,705 shares during the quarter. iShares U.S. Technology ETF comprises 1.2% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 17th largest holding. Lifestyle Asset Management Inc.’s holdings in iShares U.S. Technology ETF were worth $3,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IYW. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $31,000. Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $32,000. Collier Financial purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $37,000. Finally, Beacon Financial Strategies CORP purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 0.4%

IYW stock opened at $256.42 on Friday. The firm has a market capitalization of $25.22 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a twelve month low of $161.13 and a twelve month high of $261.01. The stock has a 50-day simple moving average of $218.98 and a two-hundred day simple moving average of $204.19.

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.