22,249 Shares in iShares U.S. Technology ETF (NYSEARCA:IYW) Purchased by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,249 shares of the exchange traded fund’s stock, valued at approximately $3,549,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. raised its holdings in shares of iShares U.S. Technology ETF by 10.4% in the 4th quarter. Johnson Investment Counsel Inc. now owns 48,959 shares of the exchange traded fund’s stock valued at $7,810,000 after acquiring an additional 4,618 shares in the last quarter. Gallagher Capital Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $4,265,000. Sowell Financial Services LLC raised its holdings in shares of iShares U.S. Technology ETF by 19.8% in the 4th quarter. Sowell Financial Services LLC now owns 22,587 shares of the exchange traded fund’s stock valued at $3,603,000 after acquiring an additional 3,738 shares in the last quarter. Argentarii LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $319,000. Finally, Amundi raised its holdings in shares of iShares U.S. Technology ETF by 9.1% in the 4th quarter. Amundi now owns 35,920 shares of the exchange traded fund’s stock valued at $5,785,000 after acquiring an additional 3,009 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 1.8 %

NYSEARCA:IYW opened at $144.67 on Thursday. The business’s 50-day moving average price is $158.92 and its two-hundred day moving average price is $156.38. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30. The stock has a market cap of $18.17 billion, a P/E ratio of 35.73 and a beta of 1.14.

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).