World Equity Group Inc. cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 36.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,600 shares of the exchange traded fund’s stock after selling 3,244 shares during the period. World Equity Group Inc.’s holdings in iShares U.S. Technology ETF were worth $787,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IYW. Hoey Investments Inc. bought a new stake in iShares U.S. Technology ETF in the first quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 90 shares in the last quarter. Atala Financial Inc bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $52,000. Finally, Kestra Investment Management LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $53,000.
iShares U.S. Technology ETF Stock Down 0.6%
IYW stock opened at $164.11 on Friday. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 35.28 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $167.30. The firm has a 50 day moving average of $152.60 and a two-hundred day moving average of $154.17.
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).
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