Quotient Wealth Partners LLC Raises Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Quotient Wealth Partners LLC grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 364,362 shares of the exchange traded fund’s stock after acquiring an additional 4,773 shares during the quarter. iShares U.S. Technology ETF makes up approximately 1.9% of Quotient Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position. Quotient Wealth Partners LLC’s holdings in iShares U.S. Technology ETF were worth $58,123,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IYW. Phillips Financial Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Activest Wealth Management acquired a new position in iShares U.S. Technology ETF during the third quarter worth approximately $52,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of iShares U.S. Technology ETF by 37,900.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 379 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at approximately $63,000.

iShares U.S. Technology ETF Stock Down 1.0 %

Shares of NYSEARCA:IYW opened at $160.40 on Friday. The company has a 50-day moving average price of $161.93 and a 200 day moving average price of $154.19. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week high of $166.83. The company has a market cap of $19.71 billion, a P/E 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).