iShares U.S. Technology ETF $IYW Shares Sold by Sovran Advisors LLC

Sovran Advisors LLC cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 40.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,115 shares of the exchange traded fund’s stock after selling 12,540 shares during the quarter. Sovran Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $3,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IYW. Bell Investment Advisors Inc acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $25,000. Harbor Asset Planning Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the second quarter worth approximately $27,000. Bogart Wealth LLC lifted its holdings in shares of iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 106 shares during the period. Bangor Savings Bank purchased a new position in iShares U.S. Technology ETF in the 3rd quarter valued at $31,000. Finally, Abound Wealth Management acquired a new position in iShares U.S. Technology ETF in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $199.72 on Monday. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The company has a market cap of $20.89 billion, a P/E ratio of 34.95 and a beta of 1.23. The firm has a fifty day moving average of $199.30 and a two-hundred day moving average of $193.28.

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). 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.