Petix & Botte Co Sells 170 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Petix & Botte Co cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,963 shares of the exchange traded fund’s stock after selling 170 shares during the period. Petix & Botte Co’s holdings in iShares U.S. Technology ETF were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. Dynasty Wealth Management LLC bought a new position in iShares U.S. Technology ETF during the first quarter worth about $119,223,000. 1832 Asset Management L.P. lifted its holdings in iShares U.S. Technology ETF by 173.9% during the second quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock worth $153,901,000 after acquiring an additional 649,192 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in iShares U.S. Technology ETF by 1,170.2% during the second quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock worth $86,174,000 after acquiring an additional 527,510 shares in the last quarter. Cetera Investment Advisers lifted its holdings in iShares U.S. Technology ETF by 131.6% during the first quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock worth $100,350,000 after acquiring an additional 422,212 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in iShares U.S. Technology ETF during the second quarter worth about $57,410,000.

iShares U.S. Technology ETF Price Performance

Shares of IYW traded up $0.57 during midday trading on Friday, hitting $155.20. The stock had a trading volume of 362,887 shares, compared to its average volume of 864,935. The company has a 50 day simple moving average of $148.35 and a two-hundred day simple moving average of $143.97. iShares U.S. Technology ETF has a twelve month low of $100.84 and a twelve month high of $158.97. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).