Cadent Capital Advisors LLC Purchases 5,195 Shares of iShares U.S. Technology ETF $IYW
by Kim Johansen · The Markets DailyCadent Capital Advisors LLC grew its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 10.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 56,669 shares of the exchange traded fund’s stock after purchasing an additional 5,195 shares during the period. iShares U.S. Technology ETF accounts for 2.9% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $11,099,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Milestone Asset Management LLC bought a new position in iShares U.S. Technology ETF in the third quarter valued at about $209,000. Summit Financial Consulting LLC acquired a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $6,820,000. Affiance Financial LLC boosted its stake in shares of iShares U.S. Technology ETF by 2.7% in the 3rd quarter. Affiance Financial LLC now owns 4,800 shares of the exchange traded fund’s stock valued at $940,000 after purchasing an additional 124 shares during the last quarter. LongView Wealth Management boosted its stake in shares of iShares U.S. Technology ETF by 1.5% in the 3rd quarter. LongView Wealth Management now owns 13,229 shares of the exchange traded fund’s stock valued at $2,591,000 after purchasing an additional 190 shares during the last quarter. Finally, Private Client Services LLC grew its position in shares of iShares U.S. Technology ETF by 8.8% during the 3rd quarter. Private Client Services LLC now owns 4,576 shares of the exchange traded fund’s stock worth $896,000 after buying an additional 369 shares during the period. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
IYW opened at $202.72 on Thursday. The firm has a 50 day simple moving average of $200.37 and a 200 day simple moving average of $188.30. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.
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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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