iShares U.S. Technology ETF $IYW Stock: AdvisorNet Financial Inc Cuts Holdings

AdvisorNet Financial Inc trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,272 shares of the exchange traded fund’s stock after selling 10,445 shares during the period. AdvisorNet Financial Inc’s holdings in iShares U.S. Technology ETF were worth $3,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after purchasing an additional 31,952 shares during the period. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Technology ETF by 10.3% during the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after purchasing an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Technology ETF during the second quarter worth $200,579,000. Kestra Advisory Services LLC boosted its position in shares of iShares U.S. Technology ETF by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after purchasing an additional 48,940 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 10.6% in the 1st quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock valued at $41,995,000 after buying an additional 22,151 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.9%

IYW opened at $251.24 on Friday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $274.44. The company has a fifty day simple moving average of $256.92 and a 200 day simple moving average of $241.26. The stock has a market cap of $24.41 billion, a P/E ratio of 34.95 and a beta of 1.35.

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.