IFP Advisors Inc Cuts Stake in iShares U.S. Technology ETF $IYW

IFP Advisors Inc lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,070 shares of the exchange traded fund’s stock after selling 5,512 shares during the period. IFP Advisors Inc’s holdings in iShares U.S. Technology ETF were worth $7,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of iShares U.S. Technology ETF by 99.1% in the third quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after purchasing an additional 53,466 shares during the last quarter. Compound Planning Inc. raised its holdings in iShares U.S. Technology ETF by 10.7% during the 3rd quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock valued at $26,445,000 after buying an additional 13,045 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in iShares U.S. Technology ETF by 32.2% during the 3rd quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock valued at $2,319,000 after buying an additional 2,882 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in iShares U.S. Technology ETF by 20.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock valued at $8,444,000 after buying an additional 7,217 shares during the last quarter. Finally, ASL Financial LLC bought a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $718,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 2.0%

NYSEARCA:IYW opened at $239.33 on Thursday. The company has a fifty day moving average of $205.45 and a 200 day moving average of $200.54. iShares U.S. Technology ETF has a 52 week low of $154.02 and a 52 week high of $243.69. The firm has a market capitalization of $23.54 billion, a P/E ratio of 34.95 and a beta of 1.33.

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.