Ameritas Advisory Services LLC Reduces Stock Holdings in iShares U.S. Technology ETF $IYW

Ameritas Advisory Services LLC lowered its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,763 shares of the exchange traded fund’s stock after selling 12,779 shares during the quarter. Ameritas Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $2,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hoey Investments Inc. acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter worth $27,000. Trust Co. of Vermont purchased a new stake in iShares U.S. Technology ETF during the first quarter worth $30,000. Park Square Financial Group LLC boosted its holdings in iShares U.S. Technology ETF by 588.2% during the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 200 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in iShares U.S. Technology ETF during the second quarter valued at $41,000. Finally, Accredited Wealth Management LLC purchased a new position in iShares U.S. Technology ETF during the first quarter valued at $33,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 0.5%

IYW opened at $197.46 on Friday. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $199.31. The firm’s fifty day simple moving average is $186.11 and its two-hundred day simple moving average is $166.06.

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).