iShares U.S. Technology ETF $IYW Stake Trimmed by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,809 shares of the exchange traded fund’s stock after selling 29,131 shares during the quarter. iShares U.S. Technology ETF makes up about 1.9% of Perennial Investment Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Perennial Investment Advisors LLC owned approximately 0.11% of iShares U.S. Technology ETF worth $23,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYW. Bell Investment Advisors Inc bought a new position in iShares U.S. Technology ETF in the 2nd quarter worth $25,000. Bangor Savings Bank purchased a new position in shares of iShares U.S. Technology ETF in the third quarter valued at about $31,000. Hantz Financial Services Inc. purchased a new position in shares of iShares U.S. Technology ETF in the third quarter valued at about $31,000. Abound Wealth Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $34,000. Finally, Collier Financial purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $37,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.1%

NYSEARCA IYW opened at $191.71 on Friday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The stock’s 50 day moving average is $196.64 and its 200 day moving average is $195.87. The stock has a market cap of $20.06 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.