Centerline Wealth Advisors LLC Has $8.50 Million Stock Position in iShares U.S. Technology ETF $IYW

Centerline Wealth Advisors LLC decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,379 shares of the exchange traded fund’s stock after selling 5,385 shares during the period. iShares U.S. Technology ETF comprises about 3.7% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Centerline Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $8,496,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IYW. Laurel Wealth Advisors LLC increased its stake in shares of iShares U.S. Technology ETF by 18,553.4% in the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after purchasing an additional 3,670,235 shares during the period. The Manufacturers Life Insurance Company boosted its stake in iShares U.S. Technology ETF by 113.3% during the 1st 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 purchasing an additional 542,816 shares during the period. Hsbc Holdings PLC grew its holdings in iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after buying an additional 401,472 shares during the last quarter. Parker Investment Management LLC increased its position in iShares U.S. Technology ETF by 126.4% in the 2nd quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock worth $121,413,000 after buying an additional 391,273 shares during the period. Finally, Pinkerton Wealth LLC acquired a new position in shares of iShares U.S. Technology ETF during the second quarter worth approximately $34,296,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 0.2%

IYW opened at $202.72 on Thursday. The business has a 50 day moving average of $200.37 and a 200-day moving average of $188.30. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.