Trek Financial LLC trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 48.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 29,792 shares of the exchange traded fund’s stock after selling 27,462 shares during the quarter. Trek Financial LLC’s holdings in iShares U.S. Technology ETF were worth $4,752,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its stake in shares of iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 91 shares during the period. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth about $40,000. Avion Wealth acquired a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $47,000. SRS Capital Advisors Inc. increased its holdings in iShares U.S. Technology ETF by 43.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 90 shares during the last quarter. Finally, Atala Financial Inc acquired a new stake in iShares U.S. Technology ETF in the fourth quarter valued at approximately $52,000.
iShares U.S. Technology ETF Price Performance
NYSEARCA IYW opened at $124.50 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $124.25 and a fifty-two week high of $167.30. The stock’s 50-day moving average is $152.70 and its two-hundred day moving average is $156.19. The firm has a market cap of $15.53 billion, a P/E ratio of 31.74 and a beta of 1.22.
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).
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