Valmark Advisers Inc. Decreases Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Valmark Advisers Inc. decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,210 shares of the exchange traded fund’s stock after selling 637 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares U.S. Technology ETF were worth $2,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC boosted its holdings in iShares U.S. Technology ETF by 0.9% in the third quarter. Strategic Blueprint LLC now owns 78,833 shares of the exchange traded fund’s stock worth $11,953,000 after acquiring an additional 732 shares in the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of iShares U.S. Technology ETF by 1.8% during the third quarter. Cutter & CO Brokerage Inc. now owns 4,917 shares of the exchange traded fund’s stock valued at $746,000 after acquiring an additional 87 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at approximately $958,000. Fortitude Family Office LLC boosted its stake in iShares U.S. Technology ETF by 609.1% in the 3rd quarter. Fortitude Family Office LLC now owns 624 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 536 shares in the last quarter. Finally, Yeomans Consulting Group Inc. grew its position in iShares U.S. Technology ETF by 194.0% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 4,283 shares of the exchange traded fund’s stock worth $649,000 after purchasing an additional 2,826 shares during the last quarter.

iShares U.S. Technology ETF Trading Up 1.4 %

Shares of iShares U.S. Technology ETF stock opened at $157.76 on Wednesday. iShares U.S. Technology ETF has a 12-month low of $102.37 and a 12-month high of $158.97. The firm’s 50 day simple moving average is $149.69 and its two-hundred day simple moving average is $145.09. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).