Wealth Alliance LLC Cuts Stock Position in iShares U.S. Technology ETF $IYW

Wealth Alliance LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,072 shares of the exchange traded fund’s stock after selling 5,396 shares during the quarter. iShares U.S. Technology ETF comprises approximately 0.9% of Wealth Alliance LLC’s portfolio, making the stock its 19th biggest position. Wealth Alliance LLC’s holdings in iShares U.S. Technology ETF were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in iShares U.S. Technology ETF during the 2nd quarter valued at about $27,000. Bogart Wealth LLC lifted its stake in shares of iShares U.S. Technology ETF by 189.3% in the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 106 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF during the first quarter valued at approximately $33,000. Tsfg LLC increased its position in shares of iShares U.S. Technology ETF by 35.4% during the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 58 shares in the last quarter. Finally, Private Wealth Asset Management LLC bought a new stake in shares of iShares U.S. Technology ETF during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.7%

iShares U.S. Technology ETF stock opened at $203.35 on Wednesday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The stock has a fifty day simple moving average of $196.73 and a two-hundred day simple moving average of $178.93. The firm has a market cap of $21.92 billion, a price-to-earnings 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).