Midwest Capital Advisors LLC Has $837,000 Stock Holdings in iShares U.S. Technology ETF $IYW

Midwest Capital Advisors LLC cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 88.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,275 shares of the exchange traded fund’s stock after selling 32,560 shares during the quarter. iShares U.S. Technology ETF accounts for about 0.4% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Midwest Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $837,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dagco Inc. grew its position in iShares U.S. Technology ETF by 6.8% during the third quarter. Dagco Inc. now owns 5,350 shares of the exchange traded fund’s stock valued at $1,048,000 after purchasing an additional 341 shares in the last quarter. Retirement Planning Group LLC purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $758,000. One Day In July LLC acquired a new position in shares of iShares U.S. Technology ETF in the third quarter worth $224,000. Lighthouse Financial LLC raised its holdings in shares of iShares U.S. Technology ETF by 17.6% during the third quarter. Lighthouse Financial LLC now owns 5,290 shares of the exchange traded fund’s stock worth $1,036,000 after acquiring an additional 790 shares in the last quarter. Finally, Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the third quarter valued at $31,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $201.90 on Wednesday. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The business’s 50-day moving average price is $199.77 and its two-hundred day moving average price is $191.90. The company has a market capitalization of $21.21 billion, a P/E ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Profile

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.