Chapin Davis Inc. trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 95.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,675 shares of the exchange traded fund’s stock after selling 121,788 shares during the quarter. Chapin Davis Inc.’s holdings in iShares U.S. Technology ETF were worth $1,503,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Go Invest LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $30,000. Monetary Solutions Ltd purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth about $26,000. Tompkins Financial Corp purchased a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $40,000. Finally, Bangor Savings Bank purchased a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $42,000. 57.65% of the stock is owned by hedge funds and other institutional investors.
iShares U.S. Technology ETF Stock Down 1.4%
Shares of IYW opened at $267.58 on Friday. The company has a market capitalization of $26.78 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The stock has a 50 day moving average price of $255.29 and a 200 day moving average price of $238.32.
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). 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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