Worth Asset Management LLC Invests $849,000 in iShares U.S. Technology ETF (NYSEARCA:IYW)

Worth Asset Management LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,322 shares of the exchange traded fund’s stock, valued at approximately $849,000.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of iShares U.S. Technology ETF by 29,435.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after buying an additional 3,179,355 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in iShares U.S. Technology ETF by 173.9% during the second quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock worth $153,901,000 after purchasing an additional 649,192 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after purchasing an additional 541,550 shares during the period. Hsbc Holdings PLC boosted its stake in iShares U.S. Technology ETF by 1,170.2% during the 2nd quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock valued at $86,174,000 after purchasing an additional 527,510 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $57,410,000.

iShares U.S. Technology ETF Price Performance

Shares of IYW traded down $0.48 during midday trading on Wednesday, reaching $160.62. The stock had a trading volume of 309,111 shares, compared to its average volume of 955,649. iShares U.S. Technology ETF has a 52 week low of $119.80 and a 52 week high of $166.47. The company has a market capitalization of $19.73 billion, a P/E ratio of 38.84 and a beta of 1.43. The firm’s 50 day moving average price is $160.53 and its 200-day moving average price is $152.97.

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).