First Horizon Advisors Inc. Reduces Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

First Horizon Advisors Inc. reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,468 shares of the exchange traded fund’s stock after selling 7,355 shares during the period. First Horizon Advisors Inc. owned about 0.07% of iShares U.S. Technology ETF worth $14,432,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Element Wealth LLC increased its stake in iShares U.S. Technology ETF by 63.4% in the fourth quarter. Element Wealth LLC now owns 451 shares of the exchange traded fund’s stock valued at $72,000 after purchasing an additional 175 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 57.7% during the 4th quarter. Navellier & Associates Inc. now owns 12,736 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 4,661 shares during the period. Variant Private Wealth LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $6,508,000. Capital Advisory Group Advisory Services LLC boosted its holdings in iShares U.S. Technology ETF by 10.0% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 19,051 shares of the exchange traded fund’s stock valued at $3,039,000 after acquiring an additional 1,730 shares during the last quarter. Finally, Lane & Associates LLC lifted its stake in shares of iShares U.S. Technology ETF by 10.5% in the 4th quarter. Lane & Associates LLC now owns 16,001 shares of the exchange traded fund’s stock valued at $2,555,000 after purchasing an additional 1,526 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 2.6 %

IYW opened at $161.55 on Friday. The company has a 50 day moving average of $162.06 and a two-hundred day moving average of $155.82. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $167.30. The company has a market cap of $19.85 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).