iShares U.S. Technology ETF $IYW Stock: Outlook Wealth Advisors LLC Decreases Stake

Outlook Wealth Advisors LLC lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,930 shares of the exchange traded fund’s stock after selling 3,828 shares during the period. Outlook Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $2,101,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Go Invest LLC purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth $30,000. WestEnd Advisors LLC bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $31,000. Tompkins Financial Corp purchased a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth $40,000. Bangor Savings Bank purchased a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth $42,000. Finally, Citizens National Bank Trust Department purchased a new stake in shares of iShares U.S. Technology ETF in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 4.3%

IYW opened at $242.67 on Friday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The business’s fifty day simple moving average is $257.04 and its 200-day simple moving average is $229.36. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

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.