Principle Wealth Partners LLC Cuts Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Principle Wealth Partners LLC lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,862 shares of the exchange traded fund’s stock after selling 730 shares during the period. Principle Wealth Partners LLC’s holdings in iShares U.S. Technology ETF were worth $1,892,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Magnus Financial Group LLC increased its stake in iShares U.S. Technology ETF by 0.6% in the third quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock valued at $1,796,000 after acquiring an additional 67 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in shares of iShares U.S. Technology ETF by 3.7% in the 3rd quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 67 shares in the last quarter. Investment Advisory Group LLC increased its position in shares of iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock valued at $1,150,000 after purchasing an additional 73 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of iShares U.S. Technology ETF by 1.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock valued at $600,000 after buying an additional 73 shares in the last quarter. Finally, XML Financial LLC lifted its position in iShares U.S. Technology ETF by 1.7% in the 4th quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock worth $701,000 after buying an additional 73 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $162.66 on Tuesday. The stock has a market capitalization of $19.98 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $124.32 and a one year high of $166.83. The firm’s 50 day simple moving average is $161.96 and its two-hundred day simple moving average is $154.40.

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).