Valeo Financial Advisors LLC Expands Investment in iShares U.S. Technology ETF

Valeo Financial Advisors LLC has reported a 9.9% increase in its holdings in the iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to the latest Form 13F filing submitted to the SEC. Following this increase, the firm now owns a total of 3,861 shares of this exchange-traded fund, having acquired an additional 348 shares throughout the quarter. The value of Valeo Financial Advisors LLC's investment in the iShares U.S. Technology ETF is estimated to be around $585,000 based on its recent filings.

In addition to Valeo Financial Advisors, several other institutional investors and hedge funds have also made significant changes to their positions in IYW over the last quarter. Castle Rock Wealth Management LLC, for instance, has enhanced its stake in the ETF by 5.2%, bringing its total shares to 12,576, valued at approximately $1,908,000 after purchasing an additional 617 shares. Similarly, Rappaport Reiches Capital Management LLC increased its stake in IYW by 5.3%, now owning 3,017 shares which are worth roughly $457,000 following the addition of 152 shares during the same period.

Keeler & Nadler Financial Planning & Wealth Management saw an even more substantial increase of 20.6% in its holdings, now owning 32,913 shares valued at about $4,990,000 after acquiring 5,614 additional shares. Quotient Wealth Partners LLC also boosted its stake by 3.6%, holding 359,589 shares valued at $54,521,000 after obtaining an extra 12,386 shares. Lastly, Clarus Wealth Advisors raised its position in the iShares U.S. Technology ETF by 1.9%, now owning 10,745 shares worth $1,616,000 after purchasing 197 additional shares in the recent quarter.

Performance Metrics of iShares U.S. Technology ETF

The iShares U.S. Technology ETF began trading at $155.00. Over the last year, the fund reached a low of $100.84 and peaked at $158.97. The 50-day simple moving average stands at $146.40, while the 200-day simple moving average is $143.32. The ETF has a market capitalization of approximately $19.04 billion and features a price-to-earnings (PE) ratio of 38.84 along with a beta of 1.43, indicating some volatility in response to market movements.

Overview of iShares U.S. Technology ETF

The iShares U.S. Technology ETF, originally known as the iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified investment fund. It aims to achieve investment results that closely correspond to the price and yield performance of the Dow Jones U.S. Technology Index, before any fees and expenses are deducted.

Valeo, Investment, ETF