Brooklyn FI LLC Purchases Shares of 19,200 iShares U.S. Technology ETF (NYSEARCA:IYW)

Brooklyn FI LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 19,200 shares of the exchange traded fund’s stock, valued at approximately $3,038,000.

Several other hedge funds have also recently made changes to their positions in IYW. Phillips Financial Management LLC grew its stake in iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the period. Brooklyn Investment Group grew its holdings in iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of iShares U.S. Technology ETF by 43.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 90 shares during the period. Avion Wealth bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $47,000. Finally, Atala Financial Inc acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $52,000.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $144.14 on Wednesday. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30. The stock’s 50 day simple moving average is $157.53 and its 200 day simple moving average is $156.36. The company has a market cap of $17.98 billion, a P/E ratio of 33.00 and a beta of 1.16.

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).