iShares U.S. Technology ETF $IYW Shares Sold by Financial Life Advisors

Financial Life Advisors decreased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,634 shares of the exchange traded fund’s stock after selling 6,007 shares during the period. iShares U.S. Technology ETF makes up 2.7% of Financial Life Advisors’ portfolio, making the stock its 13th biggest position. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $8,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the period. Focus Partners Wealth boosted its stake in iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $41,199,000. Morgan Stanley lifted its holdings in shares of iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after buying an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of iShares U.S. Technology ETF by 14,772.9% in the second 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 period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 1.7%

Shares of IYW stock opened at $243.28 on Wednesday. The stock has a 50-day simple moving average of $242.23 and a 200 day simple moving average of $211.93. The stock has a market capitalization of $24.47 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01.

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.