Signature Estate & Investment Advisors LLC cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 45.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,680 shares of the exchange traded fund’s stock after selling 3,103 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $735,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $31,000. Collier Financial acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $37,000. Beacon Financial Strategies CORP acquired a new stake in iShares U.S. Technology ETF in the fourth quarter valued at approximately $41,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Technology ETF in the fourth quarter valued at approximately $44,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Stock Up 0.7%
NYSEARCA IYW opened at $241.77 on Friday. The stock has a market capitalization of $23.78 billion, a PE ratio of 34.95 and a beta of 1.33. The company has a 50 day moving average price of $207.39 and a two-hundred day moving average price of $201.05. iShares U.S. Technology ETF has a 12-month low of $154.02 and a 12-month high of $243.69.
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.
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