Captrust Financial Advisors Lowers Holdings in iShares U.S. Technology ETF $IYW

Captrust Financial Advisors lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.9% in the third quarter, HoldingsChannel reports. The fund owned 320,764 shares of the exchange traded fund’s stock after selling 20,232 shares during the quarter. Captrust Financial Advisors’ holdings in iShares U.S. Technology ETF were worth $62,825,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Laurel Wealth Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 18,553.4% in the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after acquiring an additional 3,670,235 shares during the last quarter. UBS Group AG increased its position in iShares U.S. Technology ETF by 4.0% during the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after purchasing an additional 72,485 shares during the last quarter. Raymond James Financial Inc. increased its position in iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after purchasing an additional 97,389 shares during the last quarter. Hsbc Holdings PLC raised its stake in iShares U.S. Technology ETF by 52.6% during the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after purchasing an additional 401,472 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after purchasing an additional 27,056 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 1.1%

Shares of IYW opened at $188.65 on Thursday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The company’s fifty day moving average is $194.62 and its two-hundred day moving average is $196.50. The firm has a market cap of $19.74 billion, a PE ratio of 34.95 and a beta of 1.23.

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). 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.