Financial Advocates Investment Management Sells 23,608 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Financial Advocates Investment Management trimmed its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 66.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,044 shares of the exchange traded fund’s stock after selling 23,608 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares U.S. Technology ETF were worth $1,921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Beacon Financial Advisory LLC lifted its position in iShares U.S. Technology ETF by 6.6% in the 4th quarter. Beacon Financial Advisory LLC now owns 5,189 shares of the exchange traded fund’s stock valued at $828,000 after acquiring an additional 322 shares in the last quarter. Schmidt P J Investment Management Inc. raised its stake in shares of iShares U.S. Technology ETF by 7.6% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 32,607 shares of the exchange traded fund’s stock worth $5,201,000 after purchasing an additional 2,293 shares during the last quarter. Tyche Wealth Partners LLC purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $342,000. Moneywise Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 15.7% in the fourth quarter. Moneywise Inc. now owns 11,565 shares of the exchange traded fund’s stock valued at $1,845,000 after purchasing an additional 1,573 shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $366,000.

iShares U.S. Technology ETF Trading Up 0.4 %

Shares of iShares U.S. Technology ETF stock opened at $161.94 on Friday. The stock has a fifty day simple moving average of $161.91 and a 200 day simple moving average of $154.10. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $166.83. The company has a market capitalization of $19.89 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).