B. Riley Wealth Advisors Inc. Has $2.22 Million Position in iShares U.S. Technology ETF $IYW

B. Riley Wealth Advisors Inc. lessened its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 51.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,341 shares of the exchange traded fund’s stock after selling 11,993 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in iShares U.S. Technology ETF during the second quarter worth $25,000. Harbor Asset Planning Inc. bought a new position in shares of iShares U.S. Technology ETF in the 2nd quarter valued at $27,000. Bogart Wealth LLC raised its holdings in shares of iShares U.S. Technology ETF by 189.3% during the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 106 shares in the last quarter. Bangor Savings Bank bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $31,000. Finally, Abound Wealth Management bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $34,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Up 0.8%

NYSEARCA:IYW opened at $201.24 on Tuesday. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The stock’s 50-day simple moving average is $199.40 and its 200 day simple moving average is $193.46. The firm has a market capitalization of $21.05 billion, a PE ratio of 34.95 and a beta of 1.23.

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.