Avid Wealth Partners LLC Purchases 1,874 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Avid Wealth Partners LLC boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.2% in the 3rd quarter, Holdings Channel reports. The firm owned 32,235 shares of the exchange traded fund’s stock after acquiring an additional 1,874 shares during the quarter. iShares U.S. Technology ETF accounts for about 3.5% of Avid Wealth Partners LLC’s portfolio, making the stock its 10th largest position. Avid Wealth Partners LLC’s holdings in iShares U.S. Technology ETF were worth $4,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of 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 in the last quarter. International Assets Investment Management LLC raised its holdings in iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after acquiring an additional 3,179,355 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares U.S. Technology ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,390,175 shares of the exchange traded fund’s stock worth $209,221,000 after purchasing an additional 30,147 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares U.S. Technology ETF by 1.3% during the 2nd quarter. Park Avenue Securities LLC now owns 1,068,282 shares of the exchange traded fund’s stock worth $160,776,000 after purchasing an additional 13,629 shares during the last quarter. Finally, Parker Investment Management LLC grew its position in shares of iShares U.S. Technology ETF by 44.6% in 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 purchasing an additional 329,161 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $161.00 on Friday. The business’s 50 day moving average price is $150.87 and its 200 day moving average price is $146.48. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $110.37 and a one year high of $161.49.

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).