Private Advisor Group LLC Sells 5,445 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Private Advisor Group LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,198 shares of the exchange traded fund’s stock after selling 5,445 shares during the quarter. Private Advisor Group LLC owned 0.14% of iShares U.S. Technology ETF worth $26,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IYW. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Technology ETF by 38.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after acquiring an additional 2,928,731 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF in the 1st quarter valued at about $119,223,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $81,091,000. Cetera Investment Advisers increased its stake in iShares U.S. Technology ETF by 131.6% during the 1st quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock worth $100,350,000 after purchasing an additional 422,212 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in iShares U.S. Technology ETF by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after purchasing an additional 393,079 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $137.68 on Friday. The business has a 50 day simple moving average of $147.08 and a 200 day simple moving average of $140.53. iShares U.S. Technology ETF has a 52-week low of $100.84 and a 52-week high of $158.97. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).