MGO One Seven LLC Decreases Position in iShares U.S. Technology ETF $IYW

MGO One Seven LLC trimmed its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 14.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,284 shares of the exchange traded fund’s stock after selling 3,975 shares during the quarter. MGO One Seven LLC’s holdings in iShares U.S. Technology ETF were worth $4,756,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IYW. Laurel Wealth Advisors LLC lifted its position in shares of iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the last quarter. Hsbc Holdings PLC raised its stake in iShares U.S. Technology ETF by 52.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after acquiring an additional 401,472 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its position in iShares U.S. Technology ETF by 2.8% in the second quarter. RiverFront Investment Group LLC now owns 861,595 shares of the exchange traded fund’s stock valued at $149,289,000 after acquiring an additional 23,387 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $202.42 on Tuesday. The company has a fifty day moving average of $199.80 and a two-hundred day moving average of $191.69. The company has a market capitalization of $21.30 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98.

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). 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.