World Investment Advisors Trims Stake in iShares U.S. Technology ETF $IYW

World Investment Advisors lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 28.8% in the third quarter, HoldingsChannel reports. The firm owned 7,666 shares of the exchange traded fund’s stock after selling 3,107 shares during the quarter. World Investment Advisors’ holdings in iShares U.S. Technology ETF were worth $1,501,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IYW. Tsfg LLC grew its stake in iShares U.S. Technology ETF by 35.4% in the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 58 shares during the period. Hoey Investments Inc. boosted its holdings 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 buying an additional 60 shares in the last quarter. Montag A & Associates Inc. grew its position in shares of iShares U.S. Technology ETF by 1.0% in the 2nd quarter. Montag A & Associates Inc. now owns 5,898 shares of the exchange traded fund’s stock worth $1,022,000 after buying an additional 60 shares during the period. Potentia Wealth grew its position in shares of iShares U.S. Technology ETF by 3.7% in the 2nd quarter. Potentia Wealth now owns 1,897 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 67 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of iShares U.S. Technology ETF by 6.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,188 shares of the exchange traded fund’s stock worth $206,000 after acquiring an additional 70 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $202.92 on Friday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm has a 50-day moving average of $200.61 and a 200 day moving average of $188.83. The stock has a market cap of $21.87 billion, a P/E ratio of 34.95 and a beta of 1.23.

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.