Flagstar Advisors Inc. Sells 2,209 Shares of iShares U.S. Technology ETF $IYW

Flagstar Advisors Inc. reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,501 shares of the exchange traded fund’s stock after selling 2,209 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $2,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of iShares U.S. Technology ETF by 58.1% during the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of 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 purchasing an additional 98 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $222,000. Main Street Financial Solutions LLC raised its stake in shares of iShares U.S. Technology ETF by 95.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the period. Finally, Ieq Capital LLC lifted its holdings in iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 166 shares in the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Up 2.7%

Shares of NYSEARCA IYW opened at $246.21 on Tuesday. iShares U.S. Technology ETF has a 52 week low of $170.25 and a 52 week high of $261.01. The business has a 50-day simple moving average of $238.11 and a two-hundred day simple moving average of $209.92. The company has a market cap of $24.21 billion, a P/E ratio of 34.95 and a beta of 1.36.

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.