PNC Financial Services Group Inc. cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 366,500 shares of the exchange traded fund’s stock after selling 5,181 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Technology ETF were worth $66,490,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of IYW. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Technology ETF by 34.4% in 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. Focus Partners Wealth boosted its position in shares of iShares U.S. Technology ETF by 450.1% during the fourth quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $41,199,000. Morgan Stanley grew its stake in iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after purchasing an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in iShares U.S. Technology ETF by 14,772.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after purchasing an additional 170,036 shares during the period. 57.65% of the stock is owned by institutional investors.
iShares U.S. Technology ETF Trading Down 1.9%
IYW opened at $238.54 on Friday. The stock has a fifty day simple moving average of $245.78 and a two-hundred day simple moving average of $215.62. The company has a market cap of $23.70 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01.
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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