HighTower Advisors LLC Sells 49,095 Shares of iShares U.S. Technology ETF $IYW

HighTower Advisors LLC decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,236 shares of the exchange traded fund’s stock after selling 49,095 shares during the period. HighTower Advisors LLC owned approximately 0.33% of iShares U.S. Technology ETF worth $67,938,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $28,000. Hantz Financial Services Inc. purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $31,000. Collier Financial purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $37,000. Beacon Financial Strategies CORP purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $41,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $44,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 2.0%

Shares of IYW opened at $239.33 on Thursday. The business’s fifty day simple moving average is $205.45 and its two-hundred day simple moving average is $200.54. iShares U.S. Technology ETF has a 12 month low of $154.02 and a 12 month high of $243.69. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

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.