iShares U.S. Technology ETF $IYW Shares Sold by Lido Advisors LLC

Lido Advisors LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,922 shares of the exchange traded fund’s stock after selling 4,439 shares during the period. Lido Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $10,327,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IYW. Monetary Solutions Ltd acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth approximately $28,000. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth approximately $32,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $238.54 on Friday. The business has a fifty day moving average price of $245.78 and a 200 day moving average price of $215.62. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $261.01. The company has a market cap of $23.70 billion, a P/E ratio of 34.95 and a beta of 1.35.

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). 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.