M3 Advisory Group LLC Sells 102 Shares of iShares U.S. Technology ETF $IYW

M3 Advisory Group LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,092 shares of the exchange traded fund’s stock after selling 102 shares during the period. iShares U.S. Technology ETF accounts for approximately 0.9% of M3 Advisory Group LLC’s portfolio, making the stock its 26th largest holding. M3 Advisory Group LLC’s holdings in iShares U.S. Technology ETF were worth $1,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in iShares U.S. Technology ETF by 4.4% in the 1st quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock valued at $749,354,000 after acquiring an additional 224,438 shares during the period. PGIM Custom Harvest LLC increased its position in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock valued at $636,019,000 after buying an additional 192,008 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of iShares U.S. Technology ETF by 113.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after buying an additional 542,816 shares during the period. Commonwealth Equity Services LLC increased its position in shares of iShares U.S. Technology ETF by 8.3% during the first quarter. Commonwealth Equity Services LLC now owns 945,244 shares of the exchange traded fund’s stock valued at $132,750,000 after buying an additional 72,139 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of iShares U.S. Technology ETF by 1.5% during the first quarter. Cetera Investment Advisers now owns 703,233 shares of the exchange traded fund’s stock valued at $98,762,000 after buying an additional 10,647 shares during the period. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Down 3.9%

Shares of IYW opened at $192.80 on Monday. The business’s 50-day moving average price is $187.90 and its 200-day moving average price is $168.13. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $201.50. The stock has a market cap of $20.46 billion, a PE ratio of 34.95 and a beta of 1.15.

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).