Founders Capital Management Has $110,000 Position in iShares U.S. Technology ETF $IYW

Founders Capital Management reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 634 shares of the exchange traded fund’s stock after selling 220 shares during the period. Founders Capital Management’s holdings in iShares U.S. Technology ETF were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IYW. Hoey Investments Inc. boosted its position in shares of iShares U.S. Technology ETF by 31.6% during the 2nd quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. True Vision MN LLC boosted its position in shares of iShares U.S. Technology ETF by 0.4% during the 1st quarter. True Vision MN LLC now owns 19,475 shares of the exchange traded fund’s stock valued at $2,735,000 after purchasing an additional 72 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of iShares U.S. Technology ETF by 11.4% during the 1st quarter. Continuum Advisory LLC now owns 750 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 77 shares in the last quarter. Resurgent Financial Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 2.8% during the 1st quarter. Resurgent Financial Advisors LLC now owns 2,889 shares of the exchange traded fund’s stock valued at $406,000 after purchasing an additional 80 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of iShares U.S. Technology ETF by 1.5% during the 1st quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 83 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $195.86 on Wednesday. The stock’s 50 day simple moving average is $185.01 and its 200 day simple moving average is $165.12. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $197.11. The company has a market cap of $24.49 billion, a P/E ratio of 34.95 and a beta of 1.15.

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).