Wealth Alliance LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 19.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,969 shares of the exchange traded fund’s stock after selling 3,854 shares during the quarter. Wealth Alliance LLC’s holdings in iShares U.S. Technology ETF were worth $2,897,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $26,000. Sankala Group LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $28,000. Finally, Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $32,000. 57.65% of the stock is currently owned by institutional investors.
iShares U.S. Technology ETF Price Performance
NYSEARCA IYW opened at $236.08 on Friday. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The stock has a market capitalization of $23.45 billion, a PE ratio of 34.95 and a beta of 1.35. The company’s 50 day simple moving average is $245.72 and its two-hundred day simple moving average is $215.77.
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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