FPC Investment Advisory Inc. Sells 1,847 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

FPC Investment Advisory Inc. reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,778 shares of the exchange traded fund’s stock after selling 1,847 shares during the quarter. iShares U.S. Technology ETF makes up approximately 0.7% of FPC Investment Advisory Inc.’s holdings, making the stock its 16th biggest holding. FPC Investment Advisory Inc.’s holdings in iShares U.S. Technology ETF were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYW. Phillips Financial Management LLC raised its holdings in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. Brooklyn Investment Group raised its holdings in iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Avion Wealth bought a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $47,000. Activest Wealth Management bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $52,000. Finally, Kestra Investment Management LLC bought a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $53,000.

iShares U.S. Technology ETF Trading Down 2.6 %

Shares of iShares U.S. Technology ETF stock opened at $161.55 on Friday. The company’s fifty day simple moving average is $162.06 and its two-hundred day simple moving average is $155.82. The company has a market cap of $19.85 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30.

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).