Penobscot Wealth Management Sells 130 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Penobscot Wealth Management reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,848 shares of the exchange traded fund’s stock after selling 130 shares during the period. Penobscot Wealth Management’s holdings in iShares U.S. Technology ETF were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in iShares U.S. Technology ETF by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 362,009 shares of the exchange traded fund’s stock valued at $57,748,000 after buying an additional 12,036 shares during the period. Hopwood Financial Services Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $297,000. EverSource Wealth Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 7.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 48,632 shares of the exchange traded fund’s stock valued at $7,758,000 after acquiring an additional 3,503 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 36.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,674 shares of the exchange traded fund’s stock worth $746,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of iShares U.S. Technology ETF by 207.6% in the fourth quarter. Moors & Cabot Inc. now owns 8,127 shares of the exchange traded fund’s stock worth $1,296,000 after purchasing an additional 5,485 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $144.67 on Thursday. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $167.30. The company has a market capitalization of $18.17 billion, a P/E ratio of 35.73 and a beta of 1.14. The firm’s 50 day simple moving average is $158.92 and its 200 day simple moving average is $156.38.

iShares U.S. Technology ETF 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).