RVW Wealth LLC Purchases 72,612 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

RVW Wealth LLC grew its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2,127.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 76,025 shares of the exchange traded fund’s stock after buying an additional 72,612 shares during the quarter. iShares U.S. Technology ETF accounts for approximately 1.0% of RVW Wealth LLC’s investment portfolio, making the stock its 27th largest holding. RVW Wealth LLC’s holdings in iShares U.S. Technology ETF were worth $10,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its holdings in iShares U.S. Technology ETF by 4.4% in the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock valued at $749,354,000 after buying an additional 224,438 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares U.S. Technology ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 4,297,527 shares of the exchange traded fund’s stock worth $685,541,000 after acquiring an additional 26,427 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares U.S. Technology ETF by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock worth $227,116,000 after acquiring an additional 177,492 shares during the period. Park Avenue Securities LLC raised its holdings in shares of iShares U.S. Technology ETF by 3.7% during the first quarter. Park Avenue Securities LLC now owns 966,309 shares of the exchange traded fund’s stock worth $135,708,000 after acquiring an additional 34,529 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of iShares U.S. Technology ETF by 3.0% during the fourth quarter. MML Investors Services LLC now owns 850,386 shares of the exchange traded fund’s stock worth $135,654,000 after acquiring an additional 24,574 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.2%

Shares of NYSEARCA:IYW opened at $181.44 on Thursday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $183.17. The company’s fifty day simple moving average is $169.50 and its 200 day simple moving average is $156.65. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15.

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).