Private Advisor Group LLC Decreases Stock Holdings in iShares U.S. Technology ETF $IYW

Private Advisor Group LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 12.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 213,902 shares of the exchange traded fund’s stock after selling 30,425 shares during the quarter. Private Advisor Group LLC owned about 0.20% of iShares U.S. Technology ETF worth $41,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bell Investment Advisors Inc purchased a new stake in iShares U.S. Technology ETF during the second quarter valued at $25,000. Bangor Savings Bank purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth $31,000. Hantz Financial Services Inc. bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth about $31,000. Abound Wealth Management bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth about $34,000. Finally, Collier Financial purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $37,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 1.8%

Shares of NYSEARCA:IYW opened at $188.34 on Monday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The company has a 50-day moving average price of $196.35 and a 200 day moving average price of $196.13. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Company 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.