Farther Finance Advisors LLC Decreases Position in iShares U.S. Technology ETF $IYW

Farther Finance Advisors LLC lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 21.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,332 shares of the exchange traded fund’s stock after selling 15,952 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $11,229,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IYW. Presilium Private Wealth LLC acquired a new position in iShares U.S. Technology ETF in the second quarter worth about $203,000. Sigma Investment Counselors Inc. acquired a new stake in iShares U.S. Technology ETF during the second quarter valued at approximately $224,000. Johnson Investment Counsel Inc. lifted its holdings in iShares U.S. Technology ETF by 10.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 56,687 shares of the exchange traded fund’s stock worth $9,822,000 after buying an additional 5,429 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its position in shares of iShares U.S. Technology ETF by 3.7% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 23,014 shares of the exchange traded fund’s stock worth $3,988,000 after acquiring an additional 828 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $697,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.6%

Shares of NYSEARCA IYW opened at $200.88 on Tuesday. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The business has a 50 day simple moving average of $200.10 and a 200-day simple moving average of $187.92.

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.