iShares U.S. Tech ETF: Institutional Investments Surging 1

B. Riley Wealth Advisors Inc. has increased its stake in iShares U.S. Technology ETF by 54.7% in the third quarter, according to the company’s most recent 13F filing. Additionally, other institutional investors and hedge funds have modified their holdings in the company. iShares U.S. Technology ETF, formerly known as iShares Dow Jones U.S. Technology Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Technology Index. The ETF has a fifty-day simple moving average of $83.45 and a two-hundred-day simple moving average of $79.45, with a 12-month low of $69.49 and a 12-month high of $106.60. The article also suggests five important keywords: iShares U.S. Technology ETF, B. Riley Wealth Advisors Inc., institutional investors, hedge funds, Dow Jones U.S. Technology Index.

iShares U.S. Technology ETF logo

B. Riley Wealth Advisors Inc. has recently increased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 54.7% in the third quarter, as reported in the company’s most recent 13F filing. Other institutional investors and hedge funds have also made changes to their holdings of the company. Absolute Capital Management LLC, EdgeRock Capital LLC, First Capital Advisors Group LLC, Mach 1 Financial Group LLC, and Clearbridge Investments LLC all bought new stakes in shares of iShares U.S. Technology ETF in the third quarter, ranging from $28,000 to $49,000.

Institutional Ownership by Quarter for iShares U.S. Technology ETF (NYSEARCA:IYW)

iShares U.S. Technology ETF stock opened at $88.36 on Friday and has a 12-month low of $69.49 and a 12-month high of $106.60. The stock has a fifty-day simple moving average of $83.45 and a two-hundred-day simple moving average of $79.45.

iShares U.S. Technology ETF, formerly known as iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified fund that seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Technology Index.

If you want to see what other hedge funds are holding IYW, you can visit HoldingsChannel.com to get the latest 13F filings and insider trades. Furthermore, you can receive a concise daily summary of the latest news and analysts’ ratings for iShares U.S. Technology ETF and related companies with MarketBeat.com’s free daily email newsletter by entering your email address below.

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