Perennial Investment Advisors LLC Has $23.48 Million Stake in iShares U.S. Technology ETF $IYW

Perennial Investment Advisors LLC trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 19.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,809 shares of the exchange traded fund’s stock after selling 29,131 shares during the quarter. iShares U.S. Technology ETF comprises about 1.9% of Perennial Investment Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Perennial Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $23,480,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IYW. Bell Investment Advisors Inc purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at approximately $25,000. Bangor Savings Bank bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. purchased a new position in shares of iShares U.S. Technology ETF in the third quarter valued at $31,000. Abound Wealth Management purchased a new position in shares of iShares U.S. Technology ETF in the third quarter valued at $34,000. Finally, Collier Financial bought a new stake in iShares U.S. Technology ETF in the third quarter worth $37,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $191.71 on Friday. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The business’s 50 day moving average is $196.64 and its two-hundred day moving average is $195.87. The stock has a market capitalization of $20.06 billion, a P/E ratio of 34.95 and a beta of 1.23.

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). 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.