Centerline Wealth Advisors LLC Sells 5,385 Shares of iShares U.S. Technology ETF $IYW

Centerline Wealth Advisors LLC trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,379 shares of the exchange traded fund’s stock after selling 5,385 shares during the quarter. iShares U.S. Technology ETF makes up approximately 3.7% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Centerline Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $8,496,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Summit Financial Consulting LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $6,820,000. Affiance Financial LLC lifted its position in iShares U.S. Technology ETF by 2.7% in the third quarter. Affiance Financial LLC now owns 4,800 shares of the exchange traded fund’s stock worth $940,000 after purchasing an additional 124 shares during the period. LongView Wealth Management boosted its stake in iShares U.S. Technology ETF by 1.5% during the third quarter. LongView Wealth Management now owns 13,229 shares of the exchange traded fund’s stock worth $2,591,000 after buying an additional 190 shares in the last quarter. Private Client Services LLC increased its holdings in iShares U.S. Technology ETF by 8.8% in the 3rd quarter. Private Client Services LLC now owns 4,576 shares of the exchange traded fund’s stock valued at $896,000 after buying an additional 369 shares during the period. Finally, Fifth Third Securities Inc. increased its holdings in iShares U.S. Technology ETF by 3.8% in the 3rd quarter. Fifth Third Securities Inc. now owns 52,328 shares of the exchange traded fund’s stock valued at $10,249,000 after buying an additional 1,931 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $202.72 on Thursday. The company has a 50-day moving average of $200.37 and a 200-day moving average of $188.30. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98.

iShares U.S. Technology ETF Company 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.