Optivise Advisory Services LLC Makes New Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Optivise Advisory Services LLC purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,141 shares of the exchange traded fund’s stock, valued at approximately $931,000.

Other hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in iShares U.S. Technology ETF by 133.8% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 95 shares during the period. Central Bank & Trust Co. increased its holdings in iShares U.S. Technology ETF by 343.6% during the 2nd quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. Phillips Financial Management LLC increased its holdings in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at about $41,000. Finally, Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $52,000.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $159.02 on Friday. The stock has a 50-day simple moving average of $153.81 and a 200 day simple moving average of $148.18. iShares U.S. Technology ETF has a 52-week low of $114.84 and a 52-week high of $161.49. The company has a market cap of $19.54 billion, a PE ratio of 38.84 and a beta of 1.43.

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).