Sovereign Financial Group Inc. Sells 511 Shares of iShares U.S. Technology ETF $IYW

Sovereign Financial Group Inc. cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,619 shares of the exchange traded fund’s stock after selling 511 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares U.S. Technology ETF were worth $974,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Hoey Investments Inc. bought a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $27,000. Trust Co. of Vermont bought a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC grew its position in iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Accredited Wealth Management LLC bought a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. bought a new position in iShares U.S. Technology ETF during the 2nd quarter worth approximately $41,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

IYW opened at $192.80 on Friday. The stock’s 50 day simple moving average is $187.90 and its 200 day simple moving average is $167.96. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $201.50. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15.

iShares U.S. Technology ETF Company 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).