Truist Financial Corp Lowers Position in iShares U.S. Technology ETF $IYW

Truist Financial Corp decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,754 shares of the exchange traded fund’s stock after selling 76,637 shares during the period. Truist Financial Corp owned 0.08% of iShares U.S. Technology ETF worth $17,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in iShares U.S. Technology ETF in the second quarter worth $25,000. Harbor Asset Planning Inc. purchased a new stake in iShares U.S. Technology ETF in the 2nd quarter worth about $27,000. Bangor Savings Bank purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth about $31,000. Bogart Wealth LLC raised its stake in iShares U.S. Technology ETF by 189.3% in the 2nd 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 during the period. Finally, Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.7%

iShares U.S. Technology ETF stock opened at $198.37 on Friday. The firm has a 50 day simple moving average of $200.23 and a 200 day simple moving average of $193.95. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Company 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.