Savvy Advisors Inc. Cuts Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Savvy Advisors Inc. lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 45.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,608 shares of the exchange traded fund’s stock after selling 1,350 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in iShares U.S. Technology ETF by 29,435.7% during the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after buying an additional 3,179,355 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in iShares U.S. Technology ETF in the first quarter worth about $119,223,000. 1832 Asset Management L.P. raised its holdings in shares of iShares U.S. Technology ETF by 173.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock worth $153,901,000 after purchasing an additional 649,192 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Technology ETF by 1,170.2% during the 2nd quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock valued at $86,174,000 after acquiring an additional 527,510 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares U.S. Technology ETF by 131.6% during the first quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock worth $100,350,000 after purchasing an additional 422,212 shares during the period.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $160.06 on Thursday. The business’s 50-day moving average price is $151.89 and its two-hundred day moving average price is $147.13. iShares U.S. Technology ETF has a one year low of $114.57 and a one year high of $161.49. The company has a market capitalization of $19.66 billion, a P/E ratio of 38.84 and a beta of 1.43.

About iShares U.S. Technology ETF

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).