iShares U.S. Technology ETF $IYW Stock: Elevated Financial Group LLC Reduces Position

Elevated Financial Group LLC lessened its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 58.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,584 shares of the exchange traded fund’s stock after selling 14,730 shares during the quarter. iShares U.S. Technology ETF accounts for 0.8% of Elevated Financial Group LLC’s portfolio, making the stock its 27th largest position. Elevated Financial Group LLC’s holdings in iShares U.S. Technology ETF were worth $2,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IYW. Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after purchasing an additional 31,952 shares during the period. Hsbc Holdings PLC increased its holdings in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after buying an additional 91,338 shares during the period. The Manufacturers Life Insurance Company acquired a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $200,579,000. Kestra Advisory Services LLC increased its holdings in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares during the period. Finally, Sanctuary Advisors LLC raised its position in iShares U.S. Technology ETF by 10.6% during the 1st quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock worth $41,995,000 after buying an additional 22,151 shares during the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 2.9%

IYW opened at $251.24 on Friday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The firm has a 50 day moving average of $256.92 and a two-hundred day moving average of $241.26. The firm has a market capitalization of $24.41 billion, a PE ratio of 34.95 and a beta of 1.35.

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.