TSA Wealth Management Sells Over 21,000 Shares of iShares ETF

TSA Wealth Management LLC has significantly reduced its stake in the iShares U.S. Technology ETF (NYSEARCA:IYW), selling 21,025 shares during the third quarter of 2023. This move represents a 52.2% decrease in their holdings, bringing the total number of shares owned to 19,253. Following this transaction, the iShares U.S. Technology ETF now constitutes approximately 1.3% of TSA Wealth Management’s portfolio, ranking as the firm’s 20th largest investment. As of the end of September, the value of TSA’s holdings in this exchange-traded fund was approximately $3.77 million.

Several other institutional investors have also adjusted their positions in the iShares U.S. Technology ETF recently. Notably, AQR Capital Management LLC increased its stake by 58.1% during the first quarter, acquiring an additional 3,699 shares to reach a total of 10,066 shares, valued at around $1.41 million. Similarly, D.A. Davidson & CO. raised its holdings by 4.3% in the second quarter, now owning 11,358 shares worth approximately $1.97 million after adding 469 shares.

Other firms have made noteworthy investments as well. Rehmann Capital Advisory Group purchased a new stake in the ETF valued at $228,000, while Freedom Investment Management Inc. grew its position by 13.2%, bringing its total to 3,210 shares valued at around $556,000. Focus Partners Advisor Solutions LLC also reported an impressive increase of 70.7% in its holdings, now owning 6,054 shares worth approximately $1.05 million.

As of the latest trading session, the iShares U.S. Technology ETF has seen a modest increase of 0.7%, opening at $192.93 on Friday. The ETF has a market capitalization of $20.19 billion, with a price-to-earnings ratio of 34.95 and a beta of 1.23. Over the past year, the ETF has fluctuated between a low of $117.55 and a high of $211.98.

About iShares U.S. Technology ETF

The iShares U.S. Technology ETF, previously known as the iShares Dow Jones U.S. Technology Sector Index Fund, is designed to track the performance of the Dow Jones U.S. Technology Index. This non-diversified fund aims to provide investment results that correspond to the index’s price and yield performance before fees and expenses. The index includes a variety of companies within the technology sector, covering areas such as software, computer services, and technology hardware.

Investors interested in following hedge fund activities related to the iShares U.S. Technology ETF can visit platforms like HoldingsChannel.com for the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing news and analysts’ ratings specific to the ETF and related companies.