Synergy Investment Management LLC Takes Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Synergy Investment Management LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,100 shares of the exchange traded fund’s stock, valued at approximately $2,090,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 3.0% in the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after buying an additional 120,614 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in shares of iShares U.S. Technology ETF by 54.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after acquiring an additional 497,043 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in iShares U.S. Technology ETF by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock worth $148,638,000 after purchasing an additional 18,382 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in iShares U.S. Technology ETF by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 714,361 shares of the exchange traded fund’s stock valued at $108,311,000 after purchasing an additional 14,758 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% during the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after purchasing an additional 541,550 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 3.1 %

Shares of iShares U.S. Technology ETF stock opened at $149.91 on Tuesday. The firm has a fifty day simple moving average of $161.14 and a 200-day simple moving average of $156.54. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $167.30.

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).