iShares U.S. Technology ETF $IYW Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 509,382 shares of the exchange traded fund’s stock after selling 57,585 shares during the period. Cetera Investment Advisers owned approximately 0.52% of iShares U.S. Technology ETF worth $92,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of IYW. Bartlett & CO. Wealth Management LLC lifted its position in iShares U.S. Technology ETF by 20.6% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock valued at $8,444,000 after acquiring an additional 7,217 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in iShares U.S. Technology ETF by 714.4% in the third quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock worth $4,560,000 after purchasing an additional 20,425 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in iShares U.S. Technology ETF by 4.7% in the fourth quarter. Farther Finance Advisors LLC now owns 60,006 shares of the exchange traded fund’s stock worth $11,982,000 after purchasing an additional 2,674 shares during the last quarter. Finally, ASL Financial LLC acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth $718,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 1.9%

Shares of IYW opened at $238.54 on Friday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $261.01. The stock has a fifty day moving average price of $245.78 and a 200-day moving average price of $215.62. The firm has a market cap of $23.70 billion, a PE ratio of 34.95 and a beta of 1.35.

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.