AdvisorShares Investments LLC Has $1.66 Million Holdings in iShares U.S. Technology ETF $IYW

AdvisorShares Investments LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 71.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,132 shares of the exchange traded fund’s stock after selling 22,785 shares during the period. AdvisorShares Investments LLC’s holdings in iShares U.S. Technology ETF were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. AQR Capital Management LLC grew its position in shares of iShares U.S. Technology ETF by 58.1% during 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 during the period. Russell Investments Group Ltd. lifted its holdings in iShares U.S. Technology ETF by 9.8% in the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 98 shares during the period. First Trust Advisors LP acquired a new position in iShares U.S. Technology ETF in the second quarter valued at approximately $222,000. Main Street Financial Solutions LLC boosted its stake in iShares U.S. Technology ETF by 95.7% in the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after acquiring an additional 166 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $243.48 on Friday. The firm has a fifty day moving average of $240.99 and a two-hundred day moving average of $211.12. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01.

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.