Cadent Capital Advisors LLC Lowers Position in iShares U.S. Technology ETF $IYW

Cadent Capital Advisors LLC lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 52,494 shares of the exchange traded fund’s stock after selling 4,175 shares during the period. iShares U.S. Technology ETF accounts for about 2.7% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $10,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IYW. AQR Capital Management LLC grew its stake in iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after buying an additional 3,699 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of iShares U.S. Technology ETF by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 7,734 shares of the exchange traded fund’s stock worth $1,340,000 after buying an additional 90 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of iShares U.S. Technology ETF by 5.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,869 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 139 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of iShares U.S. Technology ETF by 8.3% during the 2nd quarter. Jefferies Financial Group Inc. now owns 2,542 shares of the exchange traded fund’s stock valued at $440,000 after buying an additional 195 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of iShares U.S. Technology ETF by 9.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $180.01 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The company has a fifty day moving average of $192.74 and a 200-day moving average of $196.54. The company has a market capitalization of $18.84 billion, a P/E ratio of 34.95 and a beta of 1.23.

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.