Capital Investment Advisors LLC Cuts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Capital Investment Advisors LLC lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,955 shares of the exchange traded fund’s stock after selling 3,094 shares during the period. Capital Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $18,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IYW. Zions Bancorporation N.A. acquired a new stake in iShares U.S. Technology ETF during the second quarter valued at $106,000. Thoroughbred Financial Services LLC purchased a new stake in shares of iShares U.S. Technology ETF during the second quarter worth $668,000. Stevard LLC raised its position in shares of iShares U.S. Technology ETF by 20.1% in the second quarter. Stevard LLC now owns 3,055 shares of the exchange traded fund’s stock valued at $460,000 after buying an additional 511 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of iShares U.S. Technology ETF by 10.9% in the second quarter. Rathbones Group PLC now owns 27,575 shares of the exchange traded fund’s stock worth $4,150,000 after buying an additional 2,702 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners grew its stake in iShares U.S. Technology ETF by 5.4% during the 2nd quarter. Tennessee Valley Asset Management Partners now owns 7,196 shares of the exchange traded fund’s stock valued at $1,083,000 after acquiring an additional 369 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock traded down $2.60 during trading on Monday, reaching $155.25. 206,516 shares of the company were exchanged, compared to its average volume of 934,239. The company has a market capitalization of $19.07 billion, a P/E ratio of 38.84 and a beta of 1.43. The stock’s 50 day simple moving average is $160.96 and its two-hundred day simple moving average is $153.19. iShares U.S. Technology ETF has a 52-week low of $121.05 and a 52-week high of $166.47.

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).