Wedbush Securities Inc. Increases Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Wedbush Securities Inc. lifted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.0% in the second quarter, Holdings Channel reports. The firm owned 9,028 shares of the exchange traded fund’s stock after buying an additional 747 shares during the period. Wedbush Securities Inc.’s holdings in iShares U.S. Technology ETF were worth $1,359,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. PFG Investments LLC boosted its holdings in shares of iShares U.S. Technology ETF by 3.1% in the second quarter. PFG Investments LLC now owns 15,732 shares of the exchange traded fund’s stock valued at $2,368,000 after purchasing an additional 468 shares during the period. Cahill Financial Advisors Inc. raised its stake in iShares U.S. Technology ETF by 44.7% in the second quarter. Cahill Financial Advisors Inc. now owns 36,724 shares of the exchange traded fund’s stock worth $5,527,000 after buying an additional 11,342 shares in the last quarter. Adapt Wealth Advisors LLC bought a new position in iShares U.S. Technology ETF in the second quarter worth approximately $692,000. Insight 2811 Inc. bought a new position in iShares U.S. Technology ETF in the second quarter worth approximately $212,000. Finally, W Advisors LLC raised its stake in iShares U.S. Technology ETF by 2.0% in the second quarter. W Advisors LLC now owns 14,768 shares of the exchange traded fund’s stock worth $2,223,000 after buying an additional 284 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 1.1 %

Shares of NYSEARCA:IYW opened at $140.95 on Wednesday. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 52 week low of $100.84 and a 52 week high of $158.97. The firm has a 50 day moving average of $146.58 and a 200 day moving average of $140.79.

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).