iShares U.S. Technology ETF $IYW Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,382 shares of the exchange traded fund’s stock after selling 57,585 shares during the quarter. Cetera Investment Advisers’ holdings in iShares U.S. Technology ETF were worth $92,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lavaca Capital LLC grew its stake in iShares U.S. Technology ETF by 1.0% in the 4th quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock valued at $1,210,000 after acquiring an additional 59 shares during the period. Tiller Private Wealth Inc. increased its holdings in iShares U.S. Technology ETF by 3.2% in the 4th quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock worth $390,000 after acquiring an additional 60 shares in the last quarter. Center For Asset Management LLC raised its position in iShares U.S. Technology ETF by 3.7% during the fourth quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock worth $333,000 after acquiring an additional 60 shares during the period. Quadrant Private Wealth Management LLC raised its position in iShares U.S. Technology ETF by 0.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 60 shares during the period. Finally, Americana Partners LLC lifted its holdings in iShares U.S. Technology ETF by 3.0% during the fourth quarter. Americana Partners LLC now owns 2,111 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 62 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 1.9%

Shares of NYSEARCA IYW opened at $238.54 on Friday. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The company’s 50-day simple moving average is $245.78 and its 200-day simple moving average is $215.62. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $261.01.

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.