iShares U.S. Technology ETF $IYW Stock: Financial Life Advisors Reduces Position

Financial Life Advisors reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 12.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,236 shares of the exchange traded fund’s stock after selling 2,917 shares during the period. iShares U.S. Technology ETF makes up about 1.6% of Financial Life Advisors’ investment portfolio, making the stock its 15th biggest position. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $5,626,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new position in iShares U.S. Technology ETF in the third quarter valued at about $6,328,000. Ashurst Perkins Coie Trust Co purchased a new position in iShares U.S. Technology ETF in the third quarter worth about $14,840,000. Mather Group LLC. purchased a new position in iShares U.S. Technology ETF in the third quarter worth about $266,000. Strategy Asset Managers LLC bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $642,000. Finally, Adirondack Trust Co. bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $173,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.9%

iShares U.S. Technology ETF stock opened at $259.54 on Thursday. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The company has a market cap of $25.18 billion, a P/E ratio of 34.95 and a beta of 1.35. The business has a 50-day simple moving average of $256.82 and a two-hundred day simple moving average of $240.61.

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.