Spectrum Planning & Advisory Services Inc. Reduces Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Spectrum Planning & Advisory Services Inc. trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,828 shares of the exchange traded fund’s stock after selling 933 shares during the period. iShares U.S. Technology ETF comprises 2.5% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 12th biggest holding. Spectrum Planning & Advisory Services Inc.’s holdings in iShares U.S. Technology ETF were worth $2,844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in iShares U.S. Technology ETF by 29,435.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after buying an additional 3,179,355 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the second quarter worth approximately $57,410,000. HighTower Advisors LLC raised its position in iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after purchasing an additional 128,052 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares U.S. Technology ETF by 3.0% in 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 in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $161.86 on Wednesday. The company has a 50 day moving average price of $161.70 and a 200-day moving average price of $153.73. The stock has a market capitalization of $19.88 billion, a PE ratio of 38.84 and a beta of 1.43. 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 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).