PFG Advisors Decreases Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

PFG Advisors cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,653 shares of the exchange traded fund’s stock after selling 203 shares during the period. PFG Advisors’ holdings in iShares U.S. Technology ETF were worth $423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of iShares U.S. Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares in the last quarter. Natixis Advisors LLC raised its position in shares of iShares U.S. Technology ETF by 28.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock valued at $2,447,000 after purchasing an additional 3,539 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of iShares U.S. Technology ETF by 1.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of iShares U.S. Technology ETF by 81.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 245 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of iShares U.S. Technology ETF by 84.1% during the 3rd quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock valued at $7,522,000 after acquiring an additional 22,667 shares in the last quarter.

iShares U.S. Technology ETF Trading Up 3.1 %

IYW stock opened at $146.03 on Friday. The firm has a market cap of $18.34 billion, a P/E ratio of 35.73 and a beta of 1.14. The stock’s 50 day simple moving average is $158.56 and its 200 day simple moving average is $156.27. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30.

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).