Foundations Investment Advisors LLC Has $4.75 Million Stake in iShares U.S. Technology ETF $IYW

Foundations Investment Advisors LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 92.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,227 shares of the exchange traded fund’s stock after selling 289,958 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $4,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its holdings in shares of iShares U.S. Technology ETF by 18,553.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares during the period. Raymond James Financial Inc. increased its position in iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares during the last quarter. Hsbc Holdings PLC raised its stake in iShares U.S. Technology ETF by 52.6% in the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after buying an additional 401,472 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after buying an additional 27,056 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in shares of iShares U.S. Technology ETF by 6.1% in the third quarter. Dynasty Wealth Management LLC now owns 1,114,634 shares of the exchange traded fund’s stock valued at $218,312,000 after buying an additional 64,136 shares during the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.4%

IYW stock opened at $201.89 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 simple moving average is $200.07 and its 200 day simple moving average is $193.79. The firm has a market capitalization of $21.09 billion, a PE ratio of 34.95 and a beta of 1.23.

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.