iShares U.S. Technology ETF (NYSEARCA:IYW) Stake Cut by FFG Retirement Advisors LLC

FFG Retirement Advisors LLC cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 14,570 shares of the exchange traded fund’s stock after selling 523 shares during the quarter. iShares U.S. Technology ETF accounts for 1.5% of FFG Retirement Advisors LLC’s portfolio, making the stock its 26th biggest holding. FFG Retirement Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $2,324,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at $342,000. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Technology ETF in the second quarter worth about $1,791,000. Creative Planning boosted its stake in shares of iShares U.S. Technology ETF by 0.7% during the 2nd quarter. Creative Planning now owns 116,882 shares of the exchange traded fund’s stock worth $17,591,000 after acquiring an additional 786 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $1,859,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Technology ETF by 14.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,322 shares of the exchange traded fund’s stock valued at $28,043,000 after acquiring an additional 23,424 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 4.6 %

NYSEARCA:IYW opened at $157.13 on Tuesday. The company’s 50 day moving average is $161.63 and its 200-day moving average is $153.69. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $166.83.

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).