Cadent Capital Advisors LLC Lowers Position in iShares U.S. Technology ETF $IYW

Cadent Capital Advisors LLC lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,167 shares of the exchange traded fund’s stock after selling 2,889 shares during the quarter. iShares U.S. Technology ETF accounts for 2.4% of Cadent Capital Advisors LLC’s portfolio, making the stock its 11th largest position. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $11,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IYW. Go Invest LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $30,000. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in iShares U.S. Technology ETF during the fourth quarter valued at $26,000. Tompkins Financial Corp purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at $40,000. Finally, Bangor Savings Bank bought a new position in iShares U.S. Technology ETF in the third quarter valued at about $42,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.3%

NYSEARCA:IYW traded up $0.87 on Friday, hitting $268.45. The stock had a trading volume of 165,993 shares, compared to its average volume of 1,080,946. The business’s 50-day simple moving average is $255.29 and its two-hundred day simple moving average is $238.32. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44.

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.