N.E.W. Advisory Services LLC Lowers Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

N.E.W. Advisory Services LLC trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,533 shares of the exchange traded fund’s stock after selling 512 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $883,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth $342,000. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth $1,791,000. Truist Financial Corp lifted its stake in shares of iShares U.S. Technology ETF by 4.3% during the 2nd quarter. Truist Financial Corp now owns 159,797 shares of the exchange traded fund’s stock worth $24,049,000 after purchasing an additional 6,578 shares during the last quarter. Unique Wealth LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $1,192,000. Finally, Private Client Services LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $458,000.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $159.67 on Friday. The stock has a market capitalization of $19.62 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.83. The business has a fifty day moving average price of $161.79 and a 200 day moving average price of $153.85.

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).