Rappaport Reiches Capital Management LLC Buys 101 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Rappaport Reiches Capital Management LLC increased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,118 shares of the exchange traded fund’s stock after purchasing an additional 101 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IYW. Phillips Financial Management LLC raised its position in iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Brooklyn Investment Group boosted its stake in iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the period. Activest Wealth Management bought a new position in iShares U.S. Technology ETF during the third quarter valued at $52,000. Legacy Investment Solutions LLC purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $63,000. Finally, PSI Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 36.2% in the 4th quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after acquiring an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $166.22 on Friday. The firm has a 50-day simple moving average of $161.42 and a two-hundred day simple moving average of $153.68. The company has a market cap of $20.42 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1 year low of $124.32 and a 1 year high of $166.47.

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).