Fortis Group Advisors LLC Increases Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Fortis Group Advisors LLC raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,917 shares of the exchange traded fund’s stock after buying an additional 267 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in iShares U.S. Technology ETF by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 11,813,520 shares of the exchange traded fund’s stock worth $1,777,935,000 after buying an additional 371,517 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares U.S. Technology ETF by 2.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,390,175 shares of the exchange traded fund’s stock worth $209,221,000 after buying an additional 30,147 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of iShares U.S. Technology ETF by 1.3% during the second quarter. Park Avenue Securities LLC now owns 1,068,282 shares of the exchange traded fund’s stock valued at $160,776,000 after buying an additional 13,629 shares during the period. Parker Investment Management LLC increased its stake in shares of iShares U.S. Technology ETF by 44.6% during the second quarter. Parker Investment Management LLC now owns 1,067,765 shares of the exchange traded fund’s stock valued at $160,699,000 after buying an additional 329,161 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in iShares U.S. Technology ETF by 173.9% in the second quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock valued at $153,901,000 after purchasing an additional 649,192 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

IYW traded down $0.28 on Tuesday, hitting $155.96. The company had a trading volume of 68,925 shares, compared to its average volume of 859,310. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The stock has a fifty day moving average price of $148.68 and a 200-day moving average price of $144.20. iShares U.S. Technology ETF has a 12-month low of $100.84 and a 12-month high of $158.97.

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).