Kickstand Ventures LLC. trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 20.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,688 shares of the exchange traded fund’s stock after selling 11,277 shares during the period. iShares U.S. Technology ETF accounts for about 2.0% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 12th largest position. Kickstand Ventures LLC.’s holdings in iShares U.S. Technology ETF were worth $10,767,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IYW. Monetary Solutions Ltd bought a new stake in iShares U.S. Technology ETF during the fourth quarter worth approximately $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. acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $32,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Trading Up 1.7%
NYSEARCA IYW opened at $252.54 on Friday. The company has a fifty day simple moving average of $246.28 and a 200 day simple moving average of $225.98. The company has a market cap of $25.01 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01.
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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