CFS Investment Advisory Services LLC Trims Holdings in iShares U.S. Technology ETF $IYW

CFS Investment Advisory Services LLC reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,477 shares of the exchange traded fund’s stock after selling 2,616 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $6,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IYW. Axxcess Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at approximately $41,199,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of iShares U.S. Technology ETF by 14,772.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after buying an additional 170,036 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of iShares U.S. Technology ETF by 11,291.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 144,445 shares of the exchange traded fund’s stock valued at $28,291,000 after buying an additional 143,177 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the last quarter. Finally, TBH Global Asset Management LLC boosted its stake in shares of iShares U.S. Technology ETF by 2,656.6% during the 4th quarter. TBH Global Asset Management LLC now owns 89,590 shares of the exchange traded fund’s stock valued at $17,889,000 after buying an additional 86,340 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 Trading Up 1.3%

iShares U.S. Technology ETF stock opened at $249.53 on Friday. The stock has a market cap of $24.54 billion, a P/E ratio of 34.95 and a beta of 1.33. The stock has a 50 day moving average of $211.96 and a 200-day moving average of $202.24. iShares U.S. Technology ETF has a 52 week low of $155.68 and a 52 week high of $250.07.

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.