Financial Life Advisors Sells 24,481 Shares of iShares U.S. Technology ETF $IYW

Financial Life Advisors cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 50.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,153 shares of the exchange traded fund’s stock after selling 24,481 shares during the quarter. iShares U.S. Technology ETF accounts for 1.7% of Financial Life Advisors’ portfolio, making the stock its 15th biggest holding. Financial Life Advisors’ holdings in iShares U.S. Technology ETF were worth $6,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Greenleaf Trust raised its holdings in iShares U.S. Technology ETF by 838.7% in the 2nd quarter. Greenleaf Trust now owns 53,619 shares of the exchange traded fund’s stock valued at $8,512,000 after acquiring an additional 47,907 shares in the last quarter. Navellier & Associates Inc. lifted its position in shares of iShares U.S. Technology ETF by 791.1% in the 2nd quarter. Navellier & Associates Inc. now owns 41,802 shares of the exchange traded fund’s stock worth $4,880,000 after acquiring an additional 37,111 shares during the period. First Bancorp Inc ME acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $255,000. Compass Financial Management LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $248,000. Finally, Adirondack Capital Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 24.9% during the 2nd quarter. Adirondack Capital Advisors LLC now owns 1,604 shares of the exchange traded fund’s stock worth $405,000 after purchasing an additional 320 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 0.0%

IYW opened at $251.28 on Tuesday. The stock’s 50 day simple moving average is $245.90 and its 200-day simple moving average is $224.77. The stock has a market cap of $24.89 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01.

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.