Panoramic Investment Advisors LLC Reduces Holdings in iShares U.S. Technology ETF $IYW

Panoramic Investment Advisors LLC decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 45.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,429 shares of the exchange traded fund’s stock after selling 6,975 shares during the period. Panoramic Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its stake in shares of iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after purchasing an additional 3,670,235 shares during the period. Hsbc Holdings PLC raised its position in iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after purchasing an additional 401,472 shares during the period. Parker Investment Management LLC lifted its stake in iShares U.S. Technology ETF by 126.4% in the second quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock worth $121,413,000 after purchasing an additional 391,273 shares during the last quarter. Pinkerton Wealth LLC bought a new stake in iShares U.S. Technology ETF in the second quarter worth about $34,296,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of iShares U.S. Technology ETF by 14,772.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after buying an additional 170,036 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW opened at $201.75 on Monday. The stock’s 50 day moving average price is $199.93 and its 200-day moving average price is $191.47. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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.