iShares U.S. Technology ETF $IYW is Pettinga Financial Advisors LLC’s 10th Largest Position

Pettinga Financial Advisors LLC trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,900 shares of the exchange traded fund’s stock after selling 7,785 shares during the quarter. iShares U.S. Technology ETF makes up 2.5% of Pettinga Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Pettinga Financial Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $15,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYW. JPMorgan Chase & Co. lifted its stake in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in iShares U.S. Technology ETF by 4.7% during the fourth quarter. Farther Finance Advisors LLC now owns 60,006 shares of the exchange traded fund’s stock valued at $11,982,000 after purchasing an additional 2,674 shares during the period. Rede Wealth LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth $972,000. Madrid Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth $652,000. Finally, Tennessee Valley Asset Management Partners raised its stake in shares of iShares U.S. Technology ETF by 18.4% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 17,697 shares of the exchange traded fund’s stock valued at $3,534,000 after buying an additional 2,750 shares during the period. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $254.05 on Monday. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The stock’s fifty day moving average price is $245.57 and its two-hundred day moving average price is $218.78. The firm has a market cap of $25.16 billion, a PE ratio of 34.95 and a beta of 1.36.

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.