Financial Life Advisors Cuts Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Financial Life Advisors cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 52,309 shares of the exchange traded fund’s stock after selling 95 shares during the quarter. iShares U.S. Technology ETF makes up 3.1% of Financial Life Advisors’ portfolio, making the stock its 12th biggest holding. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $8,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Phillips Financial Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Brooklyn Investment Group increased its holdings in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Activest Wealth Management purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth $52,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of iShares U.S. Technology ETF by 37,900.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 379 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of iShares U.S. Technology ETF during the third quarter valued at about $63,000.

iShares U.S. Technology ETF Trading Down 1.0 %

NYSEARCA:IYW opened at $160.40 on Friday. The business’s 50-day moving average is $161.93 and its 200 day moving average is $154.19. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $166.83. The company has a market capitalization of $19.71 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).