Midwest Capital Advisors LLC Makes New Investment in iShares U.S. Technology ETF (NYSEARCA:IYW)

Midwest Capital Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,402 shares of the exchange traded fund’s stock, valued at approximately $5,807,000. iShares U.S. Technology ETF makes up 4.2% of Midwest Capital Advisors LLC’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Phillips Financial Management LLC grew its position in 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% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Avion Wealth acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at about $47,000. Activest Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at about $52,000. Finally, Kestra Investment Management LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $53,000.

iShares U.S. Technology ETF Stock Down 2.6 %

IYW stock opened at $161.55 on Monday. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30. The business has a 50 day moving average price of $162.06 and a two-hundred day moving average price of $155.98.

iShares U.S. Technology ETF Company 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).