Mayflower Financial Advisors LLC Lowers Stock Holdings in iShares U.S. Technology ETF $IYW

Mayflower Financial Advisors LLC lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 51.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,902 shares of the exchange traded fund’s stock after selling 13,880 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $2,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $27,000. Bogart Wealth LLC grew its holdings in shares of iShares U.S. Technology ETF by 189.3% in the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $34,000. Finally, Tsfg LLC increased its stake in iShares U.S. Technology ETF by 35.4% during the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.1%

iShares U.S. Technology ETF stock opened at $202.92 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The firm has a market cap of $21.87 billion, a PE ratio of 34.95 and a beta of 1.23. The company’s 50 day moving average is $200.61 and its two-hundred day moving average is $188.83.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.