M3 Advisory Group LLC Makes New $936,000 Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

M3 Advisory Group LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,623 shares of the exchange traded fund’s stock, valued at approximately $936,000. iShares U.S. Technology ETF makes up about 1.1% of M3 Advisory Group LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in IYW. Kesler Norman & Wride LLC grew its position in shares of iShares U.S. Technology ETF by 3.5% during the 3rd quarter. Kesler Norman & Wride LLC now owns 7,948 shares of the exchange traded fund’s stock valued at $834,000 after acquiring an additional 269 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $90,722,000. Balentine LLC grew its position in shares of iShares U.S. Technology ETF by 72.7% during the 3rd quarter. Balentine LLC now owns 696 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 293 shares during the period. Rathbones Group PLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $2,445,000. Finally, Hsbc Holdings PLC grew its position in shares of iShares U.S. Technology ETF by 1,449.5% during the 3rd quarter. Hsbc Holdings PLC now owns 475,831 shares of the exchange traded fund’s stock valued at $49,924,000 after acquiring an additional 445,122 shares during the period.

iShares U.S. Technology ETF Stock Up 1.1 %

IYW traded up $1.68 on Monday, hitting $152.76. The company’s stock had a trading volume of 905,474 shares, compared to its average volume of 883,989. The company’s 50 day simple moving average is $136.73 and its 200-day simple moving average is $131.17. The firm has a market cap of $18.77 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12 month low of $100.84 and a 12 month high of $153.40.

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).