Focus Financial Network Inc. Has $6.81 Million Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Focus Financial Network Inc. cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,658 shares of the exchange traded fund’s stock after selling 12,858 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares U.S. Technology ETF were worth $6,805,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IYW. Magnus Financial Group LLC lifted its position in shares of iShares U.S. Technology ETF by 0.6% in the 3rd quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock worth $1,796,000 after acquiring an additional 67 shares during the period. Marino Stram & Associates LLC lifted its position in iShares U.S. Technology ETF by 3.7% in the third quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 67 shares during the period. Investment Advisory Group LLC boosted its stake in iShares U.S. Technology ETF by 1.0% during the third quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock worth $1,150,000 after buying an additional 73 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 73 shares in the last quarter. Finally, XML Financial LLC increased its holdings in iShares U.S. Technology ETF by 1.7% in the 4th quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock valued at $701,000 after buying an additional 73 shares during the period.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $162.66 on Tuesday. The company has a 50-day moving average of $161.96 and a 200-day moving average of $154.40. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week high of $166.83. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).