iShares U.S. Technology ETF $IYW Shares Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 96.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,326 shares of the exchange traded fund’s stock after selling 41,062 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of iShares U.S. Technology ETF in the 2nd quarter worth about $25,000. Harbor Asset Planning Inc. acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $27,000. Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Bogart Wealth LLC raised its holdings in iShares U.S. Technology ETF by 189.3% in the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 106 shares during the period. Finally, Abound Wealth Management acquired a new position in iShares U.S. Technology ETF during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 0.6%

iShares U.S. Technology ETF stock opened at $199.62 on Tuesday. The firm has a fifty day moving average of $200.33 and a 200-day moving average of $194.34. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The firm has a market capitalization of $20.86 billion, a P/E ratio of 34.95 and a beta of 1.23.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.