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

TRUE Private Wealth Advisors decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,529 shares of the exchange traded fund’s stock after selling 6,512 shares during the period. TRUE Private Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $4,326,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IYW. Financial Counselors Inc. raised its position in iShares U.S. Technology ETF by 2.3% in the 3rd quarter. Financial Counselors Inc. now owns 22,060 shares of the exchange traded fund’s stock worth $3,345,000 after buying an additional 500 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of iShares U.S. Technology ETF by 51.0% in the third quarter. CreativeOne Wealth LLC now owns 139,264 shares of the exchange traded fund’s stock worth $21,115,000 after acquiring an additional 47,013 shares during the period. Freedom Investment Management Inc. purchased a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $209,000. FMR LLC lifted its position in iShares U.S. Technology ETF by 11.0% during the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares during the period. Finally, Elios Financial Group Inc. purchased a new stake in iShares U.S. Technology ETF in the third quarter worth approximately $664,000.

iShares U.S. Technology ETF Trading Up 0.9 %

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

About iShares U.S. Technology ETF

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).