iShares U.S. Technology ETF $IYW Stake Cut by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,477 shares of the exchange traded fund’s stock after selling 2,616 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares U.S. Technology ETF were worth $6,884,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in iShares U.S. Technology ETF during the third quarter worth $28,000. Hantz Financial Services Inc. bought a new position in iShares U.S. Technology ETF during the third quarter worth $31,000. Kingdom Financial Group LLC. bought a new position in iShares U.S. Technology ETF during the fourth quarter worth $32,000. Collier Financial bought a new position in iShares U.S. Technology ETF during the third quarter worth $37,000. Finally, Beacon Financial Strategies CORP acquired a new stake in iShares U.S. Technology ETF in the fourth quarter worth $41,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $249.53 on Friday. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a 1 year low of $155.68 and a 1 year high of $250.07. The stock’s fifty day moving average is $211.96 and its two-hundred day moving average is $202.24.

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.