iShares U.S. Technology ETF (NYSEARCA:IYW) is Cottonwood Capital Advisors LLC’s 2nd Largest Position

Cottonwood Capital Advisors LLC increased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,069 shares of the exchange traded fund’s stock after acquiring an additional 89 shares during the period. iShares U.S. Technology ETF comprises approximately 5.2% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 2nd largest position. Cottonwood Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $7,189,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IYW. AQR Capital Management LLC bought a new stake in iShares U.S. Technology ETF in the 2nd quarter worth approximately $342,000. Daymark Wealth Partners LLC bought a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $545,000. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $1,791,000. Ascent Group LLC increased its stake in shares of iShares U.S. Technology ETF by 22.7% in the 2nd quarter. Ascent Group LLC now owns 43,612 shares of the exchange traded fund’s stock worth $6,564,000 after purchasing an additional 8,077 shares in the last quarter. Finally, Creative Planning raised its holdings in iShares U.S. Technology ETF by 0.7% in the 2nd quarter. Creative Planning now owns 116,882 shares of the exchange traded fund’s stock worth $17,591,000 after purchasing an additional 786 shares during the period.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $164.69 on Friday. The company has a market capitalization of $20.23 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.83. The firm’s 50 day simple moving average is $161.61 and its two-hundred day simple moving average is $153.73.

iShares U.S. Technology ETF Profile

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).