iShares U.S. Technology ETF $IYW Stock: Latitude Advisors LLC Cuts Holdings

Latitude Advisors LLC lessened its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 64.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,413 shares of the exchange traded fund’s stock after selling 2,550 shares during the quarter. Latitude Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $374,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Technology ETF in the 2nd quarter valued at $200,579,000. First Heartland Consultants Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at approximately $7,194,000. True North Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF in the 1st quarter worth approximately $439,000. Three Seasons Wealth LLC increased its holdings in iShares U.S. Technology ETF by 2,412.9% in the 2nd quarter. Three Seasons Wealth LLC now owns 42,945 shares of the exchange traded fund’s stock valued at $10,832,000 after purchasing an additional 41,236 shares during the last quarter. Finally, Sonata Capital Group Inc. acquired a new position in iShares U.S. Technology ETF during the third quarter worth $2,710,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 1.3%

Shares of NYSEARCA IYW opened at $256.26 on Wednesday. The stock has a market capitalization of $24.90 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The stock has a fifty day simple moving average of $256.84 and a 200-day simple moving average of $228.61.

iShares U.S. Technology ETF Company 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.