IHT Wealth Management LLC lessened its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,716 shares of the exchange traded fund’s stock after selling 25,315 shares during the period. IHT Wealth Management LLC owned about 0.05% of iShares U.S. Technology ETF worth $10,526,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Morgan Stanley raised its stake in shares of iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after acquiring an additional 186,297 shares during the period. JPMorgan Chase & Co. increased its stake in iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after buying an additional 1,031,871 shares during the period. UBS Group AG increased its stake in iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after buying an additional 72,485 shares during the period. Raymond James Financial Inc. increased its stake in iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after buying an additional 27,056 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
iShares U.S. Technology ETF stock opened at $246.39 on Thursday. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The firm’s fifty day moving average price is $230.20 and its 200 day moving average price is $207.37.
About iShares U.S. Technology ETF
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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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