Absolute Capital Management LLC Lowers Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Absolute Capital Management LLC trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,608 shares of the exchange traded fund’s stock after selling 451 shares during the period. Absolute Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IYW. LPL Financial LLC boosted its stake in shares of iShares U.S. Technology ETF by 3.0% in the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after buying an additional 120,614 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at about $256,146,000. Dynasty Wealth Management LLC boosted its stake in shares of iShares U.S. Technology ETF by 54.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after buying an additional 497,043 shares during the period. Park Avenue Securities LLC boosted its stake in shares of iShares U.S. Technology ETF by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock valued at $148,638,000 after buying an additional 18,382 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of iShares U.S. Technology ETF by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 873,105 shares of the exchange traded fund’s stock valued at $139,278,000 after buying an additional 13,670 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $145.69 on Friday. The stock has a 50-day simple moving average of $156.93 and a 200-day simple moving average of $156.22. The stock has a market capitalization of $18.17 billion, a PE ratio of 33.00 and a beta of 1.16. iShares U.S. Technology ETF has a 1 year low of $124.32 and a 1 year high of $167.30.

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).