Patriot Financial Group Insurance Agency LLC Reduces Stake in iShares U.S. Technology ETF $IYW

Patriot Financial Group Insurance Agency LLC lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 31.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,419 shares of the exchange traded fund’s stock after selling 4,704 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in iShares U.S. Technology ETF were worth $2,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IYW. Russell Investments Group Ltd. raised its holdings in iShares U.S. Technology ETF by 28.5% during the first quarter. Russell Investments Group Ltd. now owns 996 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 221 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of iShares U.S. Technology ETF by 32.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,177 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 536 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in iShares U.S. Technology ETF by 35.3% during the 1st quarter. Aptus Capital Advisors LLC now owns 8,462 shares of the exchange traded fund’s stock worth $1,188,000 after acquiring an additional 2,206 shares in the last quarter. Capital Analysts LLC lifted its position in iShares U.S. Technology ETF by 10.5% in the first quarter. Capital Analysts LLC now owns 19,664 shares of the exchange traded fund’s stock valued at $2,761,000 after acquiring an additional 1,862 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. acquired a new position in iShares U.S. Technology ETF in the first quarter valued at $77,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $196.01 on Friday. The stock’s 50-day moving average is $199.89 and its two-hundred day moving average is $187.01. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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).