Cadent Capital Advisors LLC Reduces Position in iShares U.S. Technology ETF $IYW

Cadent Capital Advisors LLC reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,167 shares of the exchange traded fund’s stock after selling 2,889 shares during the period. iShares U.S. Technology ETF makes up 2.4% of Cadent Capital Advisors LLC’s portfolio, making the stock its 11th biggest position. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $11,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Monetary Solutions Ltd bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Sankala Group LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Go Invest LLC purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $30,000. Citizens National Bank Trust Department bought a new position in iShares U.S. Technology ETF in the 1st quarter valued at approximately $31,000. Finally, Nalls Sherbakoff Group LLC bought a new position in iShares U.S. Technology ETF in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.3%

Shares of iShares U.S. Technology ETF stock traded up $0.87 on Friday, reaching $268.45. The company’s stock had a trading volume of 165,993 shares, compared to its average volume of 1,080,946. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The firm’s fifty day simple moving average is $255.29 and its two-hundred day simple moving average is $238.32. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

About iShares U.S. Technology ETF

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.