Financial Advocates Investment Management Sells 23,608 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Financial Advocates Investment Management decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 66.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,044 shares of the exchange traded fund’s stock after selling 23,608 shares during the period. Financial Advocates Investment Management’s holdings in iShares U.S. Technology ETF were worth $1,921,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IYW. FMR LLC boosted its holdings in shares of iShares U.S. Technology ETF by 11.0% during the 3rd quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after buying an additional 6,225 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of iShares U.S. Technology ETF by 28.1% during the 3rd quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock valued at $2,447,000 after acquiring an additional 3,539 shares during the period. Great Valley Advisor Group Inc. boosted its stake in iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in iShares U.S. Technology ETF by 81.7% in the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 245 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in iShares U.S. Technology ETF by 21.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,875 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 330 shares in the last quarter.

iShares U.S. Technology ETF Trading Up 0.4 %

Shares of NYSEARCA IYW opened at $161.94 on Friday. The firm’s 50-day moving average price is $161.91 and its 200-day moving average price is $154.10. The firm has a market capitalization of $19.89 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.

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).