MKT Advisors LLC Lowers Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

MKT Advisors LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 7,487 shares of the exchange traded fund’s stock after selling 279 shares during the period. MKT Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $52,000. Legacy Investment Solutions LLC bought a new stake in iShares U.S. Technology ETF during the third quarter worth $63,000. Finally, PSI Advisors LLC boosted its position in iShares U.S. Technology ETF by 36.2% in the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $164.69 on Friday. The firm has a market cap of $20.23 billion, a PE 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 stock has a fifty day moving average price of $161.61 and a 200-day moving average price of $153.71.

About iShares U.S. Technology ETF

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).