iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,183 shares of the exchange traded fund’s stock after selling 871 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. purchased a new stake in iShares U.S. Technology ETF during the first quarter valued at about $221,000. Kingsview Wealth Management LLC boosted its stake in iShares U.S. Technology ETF by 67.4% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,152 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 1,269 shares during the period. Orion Portfolio Solutions LLC boosted its stake in iShares U.S. Technology ETF by 3.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 65,475 shares of the exchange traded fund’s stock worth $8,843,000 after purchasing an additional 2,435 shares during the period. GM Advisory Group LLC purchased a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $201,000. Finally, Bright Financial Advisors Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at $722,000.

iShares U.S. Technology ETF Stock Down 0.5 %

Shares of iShares U.S. Technology ETF stock opened at $160.06 on Thursday. iShares U.S. Technology ETF has a 12 month low of $114.57 and a 12 month high of $161.49. The stock has a market cap of $19.66 billion, a PE ratio of 38.84 and a beta of 1.43. The business has a fifty day simple moving average of $151.89 and a 200-day simple moving average of $147.13.

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).