Montz Harcus Wealth Management LLC decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 35.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,811 shares of the exchange traded fund’s stock after selling 3,200 shares during the quarter. iShares U.S. Technology ETF accounts for about 0.5% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Montz Harcus Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,466,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of IYW. Morgan Stanley lifted its position in shares of iShares U.S. Technology ETF by 3.3% during 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 last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 acquiring an additional 1,031,871 shares in the last quarter. UBS Group AG grew its holdings in shares of iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares U.S. Technology ETF by 6.5% in 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 acquiring an additional 97,389 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after purchasing an additional 27,056 shares during the period. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Up 1.7%
Shares of iShares U.S. Technology ETF stock opened at $252.54 on Friday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01. The firm has a market capitalization of $25.01 billion, a PE ratio of 34.95 and a beta of 1.36. The stock’s fifty day moving average is $246.28 and its 200-day moving average is $225.98.
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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