Bush Investment Group LLC Trims Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Bush Investment Group LLC cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,438 shares of the exchange traded fund’s stock after selling 93 shares during the period. iShares U.S. Technology ETF comprises 1.1% of Bush Investment Group LLC’s portfolio, making the stock its 17th biggest position. Bush Investment Group LLC’s holdings in iShares U.S. Technology ETF were worth $1,346,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Soundwatch Capital LLC lifted its position in shares of iShares U.S. Technology ETF by 17.9% in the 4th quarter. Soundwatch Capital LLC now owns 1,593 shares of the exchange traded fund’s stock worth $254,000 after purchasing an additional 242 shares during the period. Cerity Partners LLC boosted its position in iShares U.S. Technology ETF by 63.9% during the 4th quarter. Cerity Partners LLC now owns 51,871 shares of the exchange traded fund’s stock valued at $8,270,000 after acquiring an additional 20,229 shares in the last quarter. Hurley Capital LLC bought a new stake in iShares U.S. Technology ETF during the fourth quarter valued at about $152,000. Perennial Investment Advisors LLC boosted its holdings in shares of iShares U.S. Technology ETF by 44.1% in the 4th quarter. Perennial Investment Advisors LLC now owns 111,366 shares of the exchange traded fund’s stock valued at $17,775,000 after buying an additional 34,083 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of iShares U.S. Technology ETF by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock worth $227,116,000 after buying an additional 177,492 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 6.4 %

Shares of IYW opened at $124.50 on Monday. The company has a 50 day moving average of $152.70 and a two-hundred day moving average of $156.27. iShares U.S. Technology ETF has a twelve month low of $118.06 and a twelve month high of $167.30. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 31.74 and a beta of 1.22.

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).