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

Sovran Advisors LLC cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 40.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,115 shares of the exchange traded fund’s stock after selling 12,540 shares during the period. Sovran Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $3,765,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 18,553.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of iShares U.S. Technology ETF by 52.6% in the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after purchasing an additional 401,472 shares in the last quarter. Parker Investment Management LLC grew its position in shares of iShares U.S. Technology ETF by 126.4% in the second quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock valued at $121,413,000 after purchasing an additional 391,273 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of iShares U.S. Technology ETF by 41.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 737,156 shares of the exchange traded fund’s stock worth $144,379,000 after purchasing an additional 214,654 shares in the last quarter. Finally, Pinkerton Wealth LLC acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $34,296,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $199.72 on Monday. The stock’s 50 day moving average price is $199.30 and its 200 day moving average price is $193.28. The firm has a market cap of $20.89 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98.

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.