FIL Ltd Amplifies Stake in iShares U.S. Technology ETF to $178.76 Million
FIL Ltd has substantially increased its position in the iShares U.S. Technology ETF to a remarkable $178.76 million, as per its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor boosted its stake by 33.2% during the fourth quarter. This strategic move positions FIL Ltd as a significant player, owning 1,456,287 shares of the ETF's stock, representing about 1.42% of the total iShares U.S. Technology ETF shares valued at $178,759,000 at the end of the reporting period.
Other Institutional Movements in iShares U.S. Technology ETF
The rising interest in the iShares U.S. Technology ETF is not limited to FIL Ltd. Other large investors have also altered their stakes:
Northwest Capital Management Inc increased its holdings by 2.7% in Q4, now owning 3,792 shares valued at $465,000.
Aveo Capital Partners LLC raised its stake by 7.2%, currently holding 2,124 shares worth $261,000.
HCR Wealth Advisors enhanced its position by 1.5%, holding 9,741 shares valued at $1,196,000.
Park Place Capital Corp made a notable increase by 51.4%, now possessing 477 shares valued at $59,000.
Additionally, Fortis Group Advisors LLC expanded its stake by 3.3% in the third quarter, now holding 5,538 shares valued at $581,000.
iShares U.S. Technology ETF Stock Performance
Shares of IYW opened at $151.08 on Friday, barely missing the 52-week high of $151.19. The ETF’s stock has showcased impressive growth, marking a 52-week low of $100.84. The fund boasts a market capitalization of $18.56 billion, a price-to-earnings ratio of 38.84, and a beta of 1.43. The stock maintains a fifty-day moving average of $136.36 and a 200-day moving average of $130.73.
About iShares U.S. Technology ETF
The iShares U.S. Technology ETF, formerly known as the iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified fund aiming for investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index.
For more detailed information, visit iShares U.S. Technology ETF.
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