LGT Financial Advisors LLC Lowers Stock Holdings in iShares U.S. Technology ETF $IYW

LGT Financial Advisors LLC lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 31.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,344 shares of the exchange traded fund’s stock after selling 631 shares during the period. LGT Financial Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC raised its position in iShares U.S. Technology ETF by 4.4% during the 1st quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares during the last quarter. PGIM Custom Harvest LLC raised its holdings in iShares U.S. Technology ETF by 4.4% during the first quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after purchasing an additional 192,008 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in iShares U.S. Technology ETF by 113.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after purchasing an additional 542,816 shares during the period. Commonwealth Equity Services LLC boosted its holdings in iShares U.S. Technology ETF by 8.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 945,244 shares of the exchange traded fund’s stock valued at $132,750,000 after purchasing an additional 72,139 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares U.S. Technology ETF by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 703,233 shares of the exchange traded fund’s stock worth $98,762,000 after buying an additional 10,647 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

IYW opened at $199.67 on Tuesday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $201.50. The stock has a market capitalization of $21.35 billion, a P/E ratio of 34.95 and a beta of 1.15. The business has a 50 day simple moving average of $189.70 and a 200-day simple moving average of $170.63.

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).