Hanlon Investment Management Inc. Sells 112 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Hanlon Investment Management Inc. cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,512 shares of the exchange traded fund’s stock after selling 112 shares during the quarter. Hanlon Investment Management Inc.’s holdings in iShares U.S. Technology ETF were worth $529,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC boosted its holdings in shares of iShares U.S. Technology ETF by 7.2% during the 2nd quarter. Commonwealth Retirement Investments LLC now owns 8,037 shares of the exchange traded fund’s stock valued at $1,210,000 after acquiring an additional 537 shares during the last quarter. Cahaba Wealth Management Inc. bought a new position in iShares U.S. Technology ETF during the second quarter valued at approximately $233,000. Lloyd Advisory Services LLC. purchased a new stake in iShares U.S. Technology ETF in the second quarter worth approximately $334,000. LGT Financial Advisors LLC grew its position in iShares U.S. Technology ETF by 45.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 1,767 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 549 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in iShares U.S. Technology ETF by 4.7% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 24,653 shares of the exchange traded fund’s stock valued at $3,710,000 after buying an additional 1,102 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $137.70 on Friday. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The business’s 50-day moving average is $147.08 and its two-hundred day moving average is $140.53. iShares U.S. Technology ETF has a fifty-two week low of $100.84 and a fifty-two week high of $158.97.

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).