HC Advisors LLC lowered its position in iShares US Technology ETF (NYSEARCA:IYW) by 3.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 69,853 shares of the exchange traded fund’s stock after selling 2,707 shares during the period. iShares US Technology ETF comprises approximately 4.0% of HC Advisors LLC’s holdings, making the stock its 6th largest position. HC Advisors LLC’s holdings in iShares US Technology ETF were worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prospera Financial Services Inc lifted its stake in iShares US Technology ETF by 8.9% in the first quarter. Prospera Financial Services Inc now owns 96,947 shares of the exchange traded fund’s stock valued at $8,503,000 after buying an additional 7,906 shares during the last quarter. Alliancebernstein L.P. lifted its stake in iShares US Technology ETF by 67.6% in the first quarter. Alliancebernstein L.P. now owns 28,998 shares of the exchange traded fund’s stock valued at $2,543,000 after buying an additional 11,695 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of iShares US Technology ETF by 1.6% in the first quarter. Scotia Capital Inc. now owns 22,201 shares of the exchange traded fund’s stock valued at $1,947,000 after purchasing an additional 351 shares during the period. Commerce Bank increased its holdings in shares of iShares US Technology ETF by 7.0% in the first quarter. Commerce Bank now owns 207,180 shares of the exchange traded fund’s stock valued at $18,169,000 after purchasing an additional 13,625 shares during the period. Finally, Wade G W & Inc. increased its holdings in shares of iShares US Technology ETF by 33.2% in the first quarter. Wade G W & Inc. now owns 3,747 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 934 shares during the period.
Shares of NYSEARCA:IYW traded down $0.47 during trading on Friday, reaching $90.45. The company had a trading volume of 138,061 shares, compared to its average volume of 693,106. The stock’s fifty day moving average price is $92.09 and its 200 day moving average price is $90.62. iShares US Technology ETF has a fifty-two week low of $60.54 and a fifty-two week high of $95.36.
iShares US 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).
Further Reading: Understanding Price to Earnings Ratio (PE)
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