Arete Wealth Advisors LLC Buys 1,194 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Arete Wealth Advisors LLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 39.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,193 shares of the exchange traded fund’s stock after buying an additional 1,194 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake 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 valued at $32,000 after purchasing an additional 91 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. lifted its position in shares of iShares U.S. Technology ETF by 43.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 90 shares during the last quarter. Avion Wealth bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth $47,000. Finally, Atala Financial Inc purchased a new stake in iShares U.S. Technology ETF in the 4th quarter worth about $52,000.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $124.50 on Friday. The stock has a market capitalization of $15.53 billion, a P/E ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a 52-week low of $124.25 and a 52-week high of $167.30. The stock’s 50-day simple moving average is $152.70 and its 200 day simple moving average is $156.12.

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).