Cadent Capital Advisors LLC Trims Position in iShares U.S. Technology ETF $IYW

Cadent Capital Advisors LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,494 shares of the exchange traded fund’s stock after selling 4,175 shares during the period. iShares U.S. Technology ETF accounts for approximately 2.7% of Cadent Capital Advisors LLC’s portfolio, making the stock its 12th largest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $10,482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF during the third quarter valued at approximately $28,000. Bangor Savings Bank bought a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth approximately $31,000. Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth approximately $34,000. Finally, Collier Financial bought a new position in iShares U.S. Technology ETF in the 3rd quarter valued at $37,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

IYW opened at $180.01 on Friday. The company has a fifty day moving average price of $192.74 and a 200-day moving average price of $196.54. The firm has a market capitalization of $18.84 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98.

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.