Panoramic Investment Advisors LLC Lowers Stake in iShares U.S. Technology ETF $IYW

Panoramic Investment Advisors LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 45.3% during the third quarter, HoldingsChannel reports. The firm owned 8,429 shares of the exchange traded fund’s stock after selling 6,975 shares during the period. Panoramic Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc purchased a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares U.S. Technology ETF during the second quarter worth approximately $27,000. Bogart Wealth LLC raised its stake in shares of iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. Abound Wealth Management bought a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $34,000. Finally, Tsfg LLC boosted its holdings in shares of iShares U.S. Technology ETF by 35.4% in the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.0%

Shares of NYSEARCA:IYW opened at $201.75 on Monday. The business’s 50 day moving average is $199.93 and its 200 day moving average is $191.47. The stock has a market cap of $21.23 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98.

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.