IFP Advisors Inc Cuts Stock Holdings in iShares U.S. Technology ETF $IYW

IFP Advisors Inc decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,070 shares of the exchange traded fund’s stock after selling 5,512 shares during the quarter. IFP Advisors Inc’s holdings in iShares U.S. Technology ETF were worth $7,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Human Investing LLC grew its holdings in shares of iShares U.S. Technology ETF by 2.7% during the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock worth $363,000 after purchasing an additional 49 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in shares of iShares U.S. Technology ETF by 0.7% during the fourth quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock worth $1,389,000 after purchasing an additional 50 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of iShares U.S. Technology ETF by 1.0% during the third quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 54 shares in the last quarter. Tiller Private Wealth Inc. grew its holdings in shares of iShares U.S. Technology ETF by 3.2% during the fourth quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 60 shares in the last quarter. Finally, Center For Asset Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 3.7% during the fourth quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 2.0%

Shares of NYSEARCA IYW opened at $239.33 on Thursday. iShares U.S. Technology ETF has a 12 month low of $154.02 and a 12 month high of $243.69. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33. The business has a 50-day moving average of $205.45 and a 200-day moving average of $200.54.

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.