Concurrent Investment Advisors LLC Has $8.54 Million Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Concurrent Investment Advisors LLC reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 53,538 shares of the exchange traded fund’s stock after selling 5,018 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $8,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of iShares U.S. Technology ETF by 11.0% in the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after acquiring an additional 6,225 shares during the period. Natixis Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 28.1% in the third quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock worth $2,447,000 after acquiring an additional 3,539 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of iShares U.S. Technology ETF by 1.9% in the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 73 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of iShares U.S. Technology ETF by 81.7% in the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 245 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of iShares U.S. Technology ETF by 21.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,875 shares of the exchange traded fund’s stock worth $284,000 after acquiring an additional 330 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $166.66 on Thursday. The company has a market cap of $20.47 billion, a P/E ratio of 38.84 and a beta of 1.43. The stock has a 50 day simple moving average of $162.08 and a two-hundred day simple moving average of $155.41. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30.

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).