Financial Life Advisors decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,236 shares of the exchange traded fund’s stock after selling 2,917 shares during the period. iShares U.S. Technology ETF comprises approximately 1.6% of Financial Life Advisors’ holdings, making the stock its 15th largest position. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $5,626,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF during the second quarter valued at about $200,579,000. First Heartland Consultants Inc. purchased a new stake in iShares U.S. Technology ETF in the third quarter worth about $7,194,000. Goodman Advisory Group LLC purchased a new stake in iShares U.S. Technology ETF in the first quarter worth about $510,000. CrossGen Wealth LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth about $880,000. Finally, True North Advisors LLC bought a new position in shares of iShares U.S. Technology ETF in the first quarter worth about $439,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
Shares of IYW stock opened at $259.54 on Thursday. The company’s fifty day moving average price is $256.82 and its 200-day moving average price is $240.61. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.
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.
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