Kovack Advisors Inc. Sells 134 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Kovack Advisors Inc. reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,049 shares of the exchange traded fund’s stock after selling 134 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $805,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IYW. LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 3.0% in the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after purchasing an additional 120,614 shares during the period. Park Avenue Securities LLC increased its position in shares of iShares U.S. Technology ETF by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock worth $148,638,000 after buying an additional 18,382 shares during the period. OneDigital Investment Advisors LLC raised its stake in iShares U.S. Technology ETF by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 714,361 shares of the exchange traded fund’s stock worth $108,311,000 after buying an additional 14,758 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after buying an additional 541,550 shares during the period. Finally, Quotient Wealth Partners LLC boosted its position in iShares U.S. Technology ETF by 1.3% during the fourth quarter. Quotient Wealth Partners LLC now owns 364,362 shares of the exchange traded fund’s stock valued at $58,123,000 after acquiring an additional 4,773 shares during the last quarter.

iShares U.S. Technology ETF Trading Down 3.6 %

Shares of iShares U.S. Technology ETF stock opened at $152.18 on Friday. The business has a 50-day moving average price of $161.56 and a two-hundred day moving average price of $156.24. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $167.30. The company has a market cap of $19.11 billion, a P/E ratio of 35.73 and a beta of 1.14.

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).