Avidian Wealth Enterprises LLC Sells 6,580 Shares of iShares U.S. Technology ETF $IYW

Avidian Wealth Enterprises LLC decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,806 shares of the exchange traded fund’s stock after selling 6,580 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares U.S. Technology ETF were worth $5,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in iShares U.S. Technology ETF in the second quarter worth about $27,000. Bogart Wealth LLC increased its stake in iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 106 shares during the last quarter. Bangor Savings Bank bought a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $31,000. Finally, Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $34,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $194.71 on Wednesday. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50 day simple moving average of $199.40 and a 200-day simple moving average of $192.78. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98.

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). 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.