Beacon Financial Group Sells 34,217 Shares of iShares U.S. Technology ETF $IYW

Beacon Financial Group trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 77.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,219 shares of the exchange traded fund’s stock after selling 34,217 shares during the quarter. Beacon Financial Group’s holdings in iShares U.S. Technology ETF were worth $2,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in iShares U.S. Technology ETF by 28.5% in the first quarter. Russell Investments Group Ltd. now owns 996 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 221 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of iShares U.S. Technology ETF by 32.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 2,177 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 536 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 35.3% during the 1st quarter. Aptus Capital Advisors LLC now owns 8,462 shares of the exchange traded fund’s stock worth $1,188,000 after purchasing an additional 2,206 shares during the last quarter. JT Stratford LLC grew its stake in shares of iShares U.S. Technology ETF by 46.8% in the first quarter. JT Stratford LLC now owns 4,463 shares of the exchange traded fund’s stock valued at $627,000 after buying an additional 1,422 shares in the last quarter. Finally, Vertex Planning Partners LLC increased its holdings in iShares U.S. Technology ETF by 7.4% during the first quarter. Vertex Planning Partners LLC now owns 15,868 shares of the exchange traded fund’s stock worth $2,229,000 after buying an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $193.00 on Thursday. The stock has a market cap of $20.81 billion, a P/E ratio of 34.95 and a beta of 1.23. The company has a fifty day moving average price of $199.98 and a two-hundred day moving average price of $186.95. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98.

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).