iShares U.S. Technology ETF (NYSEARCA:IYW) Stake Cut by Global Trust Asset Management LLC

Global Trust Asset Management LLC reduced its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 76.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the exchange traded fund’s stock after selling 1,190 shares during the period. Global Trust Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IYW. Raymond James Financial Inc. purchased a new stake in iShares U.S. Technology ETF in the 4th quarter worth about $256,146,000. LPL Financial LLC lifted its stake in iShares U.S. Technology ETF by 23.7% in the 4th quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after acquiring an additional 977,883 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of iShares U.S. Technology ETF by 682.9% during the 4th quarter. Hsbc Holdings PLC now owns 763,232 shares of the exchange traded fund’s stock worth $121,751,000 after purchasing an additional 665,749 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $90,236,000. Finally, Dynasty Wealth Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 54.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after buying an additional 497,043 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $164.89 on Wednesday. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 35.28 and a beta of 1.23. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $167.30. The stock has a 50-day simple moving average of $150.87 and a 200-day simple moving average of $154.05.

iShares U.S. Technology ETF Company 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).