iShares U.S. Technology ETF $IYW Position Reduced by Dakota Wealth Management

Dakota Wealth Management lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 33.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,439 shares of the exchange traded fund’s stock after selling 2,700 shares during the period. Dakota Wealth Management’s holdings in iShares U.S. Technology ETF were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IYW. Bell Investment Advisors Inc bought a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $25,000. Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $31,000. Hantz Financial Services Inc. bought a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Abound Wealth Management bought a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $34,000. Finally, Collier Financial acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.4%

IYW stock opened at $193.20 on Friday. The firm has a market cap of $20.22 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The stock’s 50 day simple moving average is $197.75 and its 200 day simple moving average is $195.66.

iShares U.S. Technology ETF 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.