Dynamic Advisor Solutions LLC Decreases Stake in iShares U.S. Technology ETF $IYW

Dynamic Advisor Solutions LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,953 shares of the exchange traded fund’s stock after selling 3,515 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares U.S. Technology ETF were worth $10,077,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 3,699 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of iShares U.S. Technology ETF by 9.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 98 shares in the last quarter. First Trust Advisors LP bought a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $222,000. Main Street Financial Solutions LLC boosted its holdings in iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 1,394 shares during the period. Finally, Ieq Capital LLC grew its stake in iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 166 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 0.9%

iShares U.S. Technology ETF stock opened at $251.27 on Thursday. The firm has a 50 day simple moving average of $245.53 and a 200 day simple moving average of $218.04. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36.

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.