Icon Wealth Advisors LLC Reduces Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Icon Wealth Advisors LLC lowered its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.8% during the third quarter, HoldingsChannel reports. The fund owned 101,196 shares of the exchange traded fund’s stock after selling 5,122 shares during the period. iShares U.S. Technology ETF accounts for about 1.3% of Icon Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Icon Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $15,343,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Financial Counselors Inc. increased its holdings in shares of iShares U.S. Technology ETF by 2.3% in the 3rd quarter. Financial Counselors Inc. now owns 22,060 shares of the exchange traded fund’s stock valued at $3,345,000 after acquiring an additional 500 shares during the last quarter. CreativeOne Wealth LLC grew its stake in iShares U.S. Technology ETF by 51.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 139,264 shares of the exchange traded fund’s stock worth $21,115,000 after buying an additional 47,013 shares during the last quarter. Freedom Investment Management Inc. purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $209,000. FMR LLC grew its stake in iShares U.S. Technology ETF by 11.0% during the 3rd quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after buying an additional 6,225 shares during the last quarter. Finally, Elios Financial Group Inc. purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $664,000.

iShares U.S. Technology ETF Stock Down 1.2 %

NYSEARCA:IYW opened at $157.94 on Friday. The stock’s 50 day moving average price is $154.84 and its 200 day moving average price is $148.99. The company has a market capitalization of $19.40 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 52-week low of $114.84 and a 52-week high of $161.49.

About iShares U.S. Technology ETF

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).