iShares U.S. Technology ETF $IYW Position Trimmed by Financial Life Advisors

Financial Life Advisors decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,634 shares of the exchange traded fund’s stock after selling 6,007 shares during the quarter. iShares U.S. Technology ETF accounts for 2.7% of Financial Life Advisors’ holdings, making the stock its 13th largest position. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $8,823,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IYW. Monetary Solutions Ltd acquired a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth $26,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $28,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $28,000. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at $32,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.7%

Shares of IYW opened at $243.28 on Wednesday. The business’s 50-day moving average price is $242.23 and its 200 day moving average price is $211.93. The stock has a market capitalization of $24.47 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01.

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.