iShares U.S. Technology ETF $IYW Stock: S&A Financial Services Inc. Lowers Position

S&A Financial Services Inc. decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,451 shares of the exchange traded fund’s stock after selling 2,310 shares during the quarter. iShares U.S. Technology ETF accounts for approximately 3.8% of S&A Financial Services Inc.’s portfolio, making the stock its 6th largest position. S&A Financial Services Inc.’s holdings in iShares U.S. Technology ETF were worth $6,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Dedication LLC purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $1,109,000. Plancorp LLC purchased a new position in shares of iShares U.S. Technology ETF during the third quarter valued at about $993,000. May Hill Capital LLC raised its position in shares of iShares U.S. Technology ETF by 6.3% in the 3rd quarter. May Hill Capital LLC now owns 16,738 shares of the exchange traded fund’s stock worth $4,434,000 after acquiring an additional 993 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in iShares U.S. Technology ETF by 1.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 37,660 shares of the exchange traded fund’s stock valued at $9,976,000 after buying an additional 423 shares during the period. Finally, Heritage Family Offices LLP purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $118,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW traded up $2.94 during mid-day trading on Friday, reaching $227.07. The company had a trading volume of 916,008 shares, compared to its average volume of 1,072,704. The firm has a 50-day moving average price of $255.64 and a 200 day moving average price of $230.22. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44.

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.