iShares U.S. Technology ETF $IYW Stock Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 32.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,930 shares of the exchange traded fund’s stock after selling 3,828 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IYW. Go Invest LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $30,000. Citizens National Bank Trust Department bought a new position in shares of iShares U.S. Technology ETF during the 1st quarter valued at approximately $31,000. WestEnd Advisors LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $31,000. Tompkins Financial Corp bought a new position 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 during the third quarter valued at $42,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 4.3%

Shares of IYW opened at $242.67 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a market cap of $23.61 billion, a P/E ratio of 34.95 and a beta of 1.35. The company’s fifty day simple moving average is $257.04 and its 200-day simple moving average is $229.36.

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.