M3 Advisory Group LLC Reduces Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

M3 Advisory Group LLC trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,253 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. iShares U.S. Technology ETF makes up 0.8% of M3 Advisory Group LLC’s portfolio, making the stock its 27th biggest holding. M3 Advisory Group LLC’s holdings in iShares U.S. Technology ETF were worth $1,157,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IYW. Magnus Financial Group LLC raised its stake in shares of iShares U.S. Technology ETF by 0.6% during the 3rd quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock worth $1,796,000 after buying an additional 67 shares during the last quarter. Marino Stram & Associates LLC increased its holdings in iShares U.S. Technology ETF by 3.7% during the 3rd quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 67 shares in the last quarter. Investment Advisory Group LLC raised its position 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 acquiring an additional 73 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 1.9% in the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 73 shares in the last quarter. Finally, XML Financial LLC grew its position in shares of iShares U.S. Technology ETF by 1.7% in the fourth quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock valued at $701,000 after purchasing an additional 73 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $164.69 on Friday. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.83. The firm has a 50 day simple moving average of $161.61 and a 200-day simple moving average of $153.71. The stock has a market cap of $20.23 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).