Transamerica Financial Advisors Inc. Trims Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Transamerica Financial Advisors Inc. lessened its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 14,986 shares of the exchange traded fund’s stock after selling 1,290 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $2,273,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of iShares U.S. Technology ETF by 11.0% during the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after purchasing an additional 6,225 shares in the last quarter. Elios Financial Group Inc. bought a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $664,000. Patton Albertson Miller Group LLC lifted its position in iShares U.S. Technology ETF by 18.6% during the third quarter. Patton Albertson Miller Group LLC now owns 63,007 shares of the exchange traded fund’s stock valued at $9,553,000 after purchasing an additional 9,886 shares during 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 buying an additional 541,550 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of iShares U.S. Technology ETF by 2.0% in the 3rd quarter. Bank of Montreal Can now owns 106,630 shares of the exchange traded fund’s stock worth $16,102,000 after buying an additional 2,041 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

IYW traded up $0.65 during trading on Tuesday, reaching $159.72. The stock had a trading volume of 85,396 shares, compared to its average volume of 842,674. The business has a 50-day moving average of $154.32 and a 200-day moving average of $148.74. iShares U.S. Technology ETF has a one year low of $114.84 and a one year high of $161.49. The stock has a market cap of $19.62 billion, a PE 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).