Verus Capital Partners LLC Sells 6,195 Shares of iShares U.S. Technology ETF $IYW

Verus Capital Partners LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 50.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,099 shares of the exchange traded fund’s stock after selling 6,195 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares U.S. Technology ETF were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IYW. Avalon Trust Co acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $487,000. Kovitz Investment Group Partners LLC boosted its stake in iShares U.S. Technology ETF by 8.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 268,224 shares of the exchange traded fund’s stock valued at $52,534,000 after acquiring an additional 20,037 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in iShares U.S. Technology ETF by 3.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 48,853 shares of the exchange traded fund’s stock worth $9,568,000 after acquiring an additional 1,412 shares during the period. Adapt Wealth Advisors LLC raised its position in shares of iShares U.S. Technology ETF by 3.6% during the 3rd quarter. Adapt Wealth Advisors LLC now owns 4,556 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 160 shares during the last quarter. Finally, Advisors Preferred LLC lifted its stake in shares of iShares U.S. Technology ETF by 674.6% in the 3rd quarter. Advisors Preferred LLC now owns 1,069 shares of the exchange traded fund’s stock valued at $211,000 after purchasing an additional 931 shares during the period. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 1.6%

NYSEARCA:IYW opened at $189.80 on Tuesday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The stock’s fifty day simple moving average is $197.84 and its 200-day simple moving average is $195.62. The firm has a market capitalization of $19.86 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.