iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. increased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 57.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,736 shares of the exchange traded fund’s stock after purchasing an additional 4,661 shares during the period. Navellier & Associates Inc.’s holdings in iShares U.S. Technology ETF were worth $2,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IYW. Phillips Financial Management LLC raised its holdings in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 170 shares during the last quarter. Brooklyn Investment Group raised its holdings in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Avion Wealth acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at about $47,000. Activest Wealth Management acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $52,000. Finally, Kestra Investment Management LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at about $53,000.

iShares U.S. Technology ETF Trading Down 2.6 %

IYW stock opened at $161.55 on Friday. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $167.30. The firm has a 50-day moving average of $162.06 and a two-hundred day moving average of $155.68.

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).