Thrivent Financial for Lutherans Sells 222,206 Shares of iShares U.S. Technology ETF $IYW

Thrivent Financial for Lutherans trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 79.9% during the second quarter, HoldingsChannel reports. The firm owned 55,949 shares of the exchange traded fund’s stock after selling 222,206 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares U.S. Technology ETF were worth $9,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Presilium Private Wealth LLC bought a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter worth approximately $203,000. Sigma Investment Counselors Inc. purchased a new stake in iShares U.S. Technology ETF in the second quarter worth $224,000. Johnson Investment Counsel Inc. raised its stake in shares of iShares U.S. Technology ETF by 10.6% in the second quarter. Johnson Investment Counsel Inc. now owns 56,687 shares of the exchange traded fund’s stock valued at $9,822,000 after buying an additional 5,429 shares during the period. Gilliland Jeter Wealth Management LLC lifted its position in shares of iShares U.S. Technology ETF by 3.7% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 23,014 shares of the exchange traded fund’s stock valued at $3,988,000 after buying an additional 828 shares during the last quarter. Finally, Wealthstar Advisors LLC lifted its position in shares of iShares U.S. Technology ETF by 144.4% during the 2nd quarter. Wealthstar Advisors LLC now owns 20,897 shares of the exchange traded fund’s stock valued at $3,621,000 after buying an additional 12,346 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $193.00 on Thursday. The business has a 50-day moving average of $199.98 and a 200 day moving average of $186.95. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The firm has a market cap of $20.81 billion, a P/E ratio of 34.95 and a beta of 1.23.

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).