Terra Nova Asset Management LLC Has $2.78 Million Stock Position in iShares U.S. Technology ETF $IYW

Terra Nova Asset Management LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,048 shares of the exchange traded fund’s stock after selling 562 shares during the quarter. iShares U.S. Technology ETF makes up approximately 1.9% of Terra Nova Asset Management LLC’s holdings, making the stock its 19th biggest position. Terra Nova Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $2,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYW. Y Intercept Hong Kong Ltd bought a new stake in shares of iShares U.S. Technology ETF in the 1st quarter valued at approximately $595,000. Beacon Investment Advisory Services Inc. lifted its stake in iShares U.S. Technology ETF by 7.2% in the first quarter. Beacon Investment Advisory Services Inc. now owns 1,498 shares of the exchange traded fund’s stock valued at $210,000 after acquiring an additional 100 shares during the last quarter. Wedbush Securities Inc. grew its position in iShares U.S. Technology ETF by 3.8% in the first quarter. Wedbush Securities Inc. now owns 12,250 shares of the exchange traded fund’s stock worth $1,720,000 after acquiring an additional 449 shares in the last quarter. AE Wealth Management LLC grew its position in iShares U.S. Technology ETF by 10.1% in the first quarter. AE Wealth Management LLC now owns 150,358 shares of the exchange traded fund’s stock worth $21,116,000 after acquiring an additional 13,841 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of iShares U.S. Technology ETF by 1.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 18,946 shares of the exchange traded fund’s stock worth $2,661,000 after purchasing an additional 283 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.6%

iShares U.S. Technology ETF stock opened at $194.59 on Thursday. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The firm’s fifty day simple moving average is $198.34 and its 200-day simple moving average is $180.91. The company has a market capitalization of $20.98 billion, a P/E ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Company 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).