TRUE Private Wealth Advisors Reduces Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

TRUE Private Wealth Advisors trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,529 shares of the exchange traded fund’s stock after selling 6,512 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ascent Group LLC grew its position in shares of iShares U.S. Technology ETF by 22.7% during the 2nd quarter. Ascent Group LLC now owns 43,612 shares of the exchange traded fund’s stock valued at $6,564,000 after acquiring an additional 8,077 shares during the period. Natixis Advisors LLC grew its holdings in iShares U.S. Technology ETF by 28.1% during the third quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock valued at $2,447,000 after purchasing an additional 3,539 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in iShares U.S. Technology ETF in the second quarter worth about $232,000. Cetera Investment Advisers raised its stake in shares of iShares U.S. Technology ETF by 0.9% in the second quarter. Cetera Investment Advisers now owns 750,041 shares of the exchange traded fund’s stock worth $112,881,000 after buying an additional 7,039 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of iShares U.S. Technology ETF by 9.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,861 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 348 shares in the last quarter.

iShares U.S. Technology ETF Trading Up 0.9 %

Shares of NYSEARCA:IYW opened at $159.33 on Friday. The stock has a 50 day moving average of $155.00 and a 200 day moving average of $149.05. The company has a market cap of $19.57 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12-month low of $114.84 and a 12-month high of $161.49.

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).