Flagstar Advisors Inc. Sells 2,209 Shares of iShares U.S. Technology ETF $IYW

Flagstar Advisors Inc. trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.2% in the 1st quarter, Holdings Channel reports. The firm owned 14,501 shares of the exchange traded fund’s stock after selling 2,209 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $2,631,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in iShares U.S. Technology ETF by 20.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock worth $8,444,000 after acquiring an additional 7,217 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of iShares U.S. Technology ETF by 714.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock valued at $4,560,000 after acquiring an additional 20,425 shares during the last quarter. ASL Financial LLC purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $718,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 4.7% during the fourth quarter. Farther Finance Advisors LLC now owns 60,006 shares of the exchange traded fund’s stock worth $11,982,000 after purchasing an additional 2,674 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 2.7%

IYW stock opened at $246.21 on Tuesday. The company’s 50 day moving average is $238.11 and its 200 day moving average is $209.92. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1-year low of $170.25 and a 1-year high of $261.01.

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.