Wealth Enhancement Trust Services Inc. reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 82.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,694 shares of the exchange traded fund’s stock after selling 26,475 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in iShares U.S. Technology ETF were worth $1,508,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Monetary Solutions Ltd purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Sankala Group LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth $26,000. Citizens National Bank Trust Department purchased a new stake in iShares U.S. Technology ETF during the 1st quarter worth $31,000. Nalls Sherbakoff Group LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $40,000. Finally, Tompkins Financial Corp acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Down 0.4%
NYSEARCA:IYW traded down $1.08 during mid-day trading on Wednesday, hitting $271.51. The company had a trading volume of 522,378 shares, compared to its average volume of 1,081,540. The business has a fifty day simple moving average of $253.80 and a 200-day simple moving average of $237.15. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44. The firm has a market capitalization of $27.18 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.
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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