Valmark Advisers Inc. Raises Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Valmark Advisers Inc. increased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,644 shares of the exchange traded fund’s stock after purchasing an additional 384 shares during the period. Valmark Advisers Inc.’s holdings in iShares U.S. Technology ETF were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IYW. Authentikos Wealth Advisory LLC purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $33,000. Sheets Smith Wealth Management purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $35,000. LWM Advisory Services LLC purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $40,000. Headinvest LLC purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $42,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $43,000.

iShares U.S. Technology ETF Stock Up 2.1 %

Shares of NYSEARCA IYW traded up $2.75 during trading on Friday, hitting $130.95. The company had a trading volume of 798,608 shares, compared to its average volume of 901,852. The stock has a fifty day simple moving average of $132.87 and a two-hundred day simple moving average of $123.61. iShares U.S. Technology ETF has a fifty-two week low of $90.75 and a fifty-two week high of $137.54. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 40.59 and a beta of 1.39.

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).