Cardinal Strategic Wealth Guidance Lowers Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cardinal Strategic Wealth Guidance decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 29,681 shares of the exchange traded fund’s stock after selling 2,009 shares during the period. iShares U.S. Technology ETF makes up approximately 1.5% of Cardinal Strategic Wealth Guidance’s holdings, making the stock its 12th biggest holding. Cardinal Strategic Wealth Guidance’s holdings in iShares U.S. Technology ETF were worth $4,735,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after purchasing an additional 3,179,355 shares during the period. The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after acquiring an additional 541,550 shares during the last quarter. HighTower Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after acquiring an additional 128,052 shares during the period. LPL Financial LLC raised its stake in shares of iShares U.S. Technology ETF by 3.0% during the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after acquiring an additional 120,614 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $15,272,000.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $162.66 on Tuesday. The firm has a market cap of $19.98 billion, a P/E ratio of 38.84 and a beta of 1.43. The business’s 50 day moving average price is $161.96 and its 200-day moving average price is $154.40. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week 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).