Center for Financial Planning Inc. Trims Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Center for Financial Planning Inc. decreased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,384 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Center for Financial Planning Inc.’s holdings in iShares U.S. Technology ETF were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IYW. Raymond James Financial Inc. acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth $256,146,000. LPL Financial LLC increased its stake in iShares U.S. Technology ETF by 23.7% during the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after acquiring an additional 977,883 shares during the last quarter. Hsbc Holdings PLC increased its stake in iShares U.S. Technology ETF by 682.9% during the fourth quarter. Hsbc Holdings PLC now owns 763,232 shares of the exchange traded fund’s stock worth $121,751,000 after acquiring an additional 665,749 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth $90,236,000. Finally, Dynasty Wealth Management LLC increased its stake in iShares U.S. Technology ETF by 54.8% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock worth $223,972,000 after acquiring an additional 497,043 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 0.6%

IYW stock opened at $164.11 on Friday. The business has a fifty day moving average of $152.60 and a two-hundred day moving average of $154.09. The stock has a market cap 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 52-week low of $117.55 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).