iShares U.S. Technology ETF $IYW Stake Reduced by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,629 shares of the exchange traded fund’s stock after selling 2,800 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $28,000. Hantz Financial Services Inc. bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $31,000. Collier Financial bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $37,000. Beacon Financial Strategies CORP bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $41,000. Finally, Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $44,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Trading Up 1.0%

Shares of iShares U.S. Technology ETF stock opened at $243.06 on Friday. The company’s 50-day moving average price is $201.73 and its two-hundred day moving average price is $199.74. iShares U.S. Technology ETF has a 52 week low of $154.02 and a 52 week high of $243.69. The stock has a market cap of $23.90 billion, a PE ratio of 34.95 and a beta of 1.33.

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.