Orion Portfolio Solutions LLC Sells 2,934 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Orion Portfolio Solutions LLC reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 61,906 shares of the exchange traded fund’s stock after selling 2,934 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in iShares U.S. Technology ETF were worth $9,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in iShares U.S. Technology ETF by 11.0% in the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock worth $9,499,000 after acquiring an additional 6,225 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in iShares U.S. Technology ETF by 81.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 245 shares in the last quarter. Citigroup Inc. grew its position in iShares U.S. Technology ETF by 84.1% during the 3rd quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock valued at $7,522,000 after purchasing an additional 22,667 shares during the last quarter. Howard Capital Management Group LLC increased its stake in iShares U.S. Technology ETF by 1.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock valued at $31,677,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 2.8 %

NYSEARCA:IYW opened at $140.66 on Friday. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The company’s 50 day moving average price is $155.45 and its 200-day moving average price is $156.42. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week 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).