Valeo Financial Advisors Increases Stake in iShares U.S. Technology ETF

Valeo Financial Advisors LLC has announced that it has increased its investment in the iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.9% during the third quarter of the year, as reported by Holdings Channel. This means that the firm now holds a total of 3,861 shares of the ETF, having added 348 shares during this period. As of the latest reporting, Valeo Financial Advisors’ investment in the ETF is valued at approximately $585,000.

This decision comes in light of other significant changes made by large investors in the iShares U.S. Technology ETF. For instance, Rosenberg Matthew Hamilton raised its stake by an impressive 133.8% in the second quarter. Currently, they own 166 shares valued at about $25,000 after acquiring an additional 95 shares in the last quarter. Similarly, Central Bank & Trust Co. increased its holdings by a remarkable 343.6% during the same period, now owning 173 shares worth approximately $26,000 after purchasing 134 extra shares. Other notable investors include VitalStone Financial LLC, which entered a new position valued at $36,000, Chris Bulman Inc., which bought shares worth $41,000, and Cultivar Capital Inc., which acquired a stake valued at $53,000, all during the second quarter.

Current Performance of iShares U.S. Technology ETF

The iShares U.S. Technology ETF has shown some positive trading activity, with the price opening at $155.00 on Monday. The ETF has experienced fluctuations over the past year, registering a low of $100.84 and a high of $158.97. Currently, the fund is valued at a market cap of $19.04 billion, with a PE ratio of 38.84 and a beta value of 1.43. Additionally, the ETF’s 50-day moving average price stands at $146.40, alongside a two-hundred-day moving average price of $143.32.

Understanding iShares U.S. Technology ETF

The iShares U.S. Technology ETF, previously known as iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified fund aimed at tracking the performance of the Dow Jones U.S. Technology Index. This means that its investment results generally reflect the price and yield performance of the index before any fees and expenses.

Conclusion

As various investors, including Valeo Financial Advisors LLC, adjust their positions in the iShares U.S. Technology ETF, it will be interesting to monitor how these changes influence the ETF’s performance in the market.

Investment, Technology, ETF