Dynamic Advisor Solutions LLC Trims Position in iShares U.S. Technology ETF $IYW

Dynamic Advisor Solutions LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 39,953 shares of the exchange traded fund’s stock after selling 3,515 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares U.S. Technology ETF were worth $10,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYW. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in iShares U.S. Technology ETF in the 4th quarter worth approximately $26,000. Miller Capital Partners Inc. bought a new position in iShares U.S. Technology ETF in the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $28,000. Finally, Citizens National Bank Trust Department purchased a new position in shares of iShares U.S. Technology ETF during the 1st quarter valued at $31,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $251.27 on Thursday. The stock has a market cap of $24.89 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01. The firm’s fifty day moving average price is $245.53 and its 200-day moving average price is $218.04.

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.