GWN Securities Inc. Cuts Stake in iShares U.S. Technology ETF $IYW

GWN Securities Inc. reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 73.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,212 shares of the exchange traded fund’s stock after selling 8,835 shares during the period. GWN Securities Inc.’s holdings in iShares U.S. Technology ETF were worth $563,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $27,000. Bogart Wealth LLC increased its stake in iShares U.S. Technology ETF by 189.3% during the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 106 shares during the period. Park Square Financial Group LLC increased its position in shares of iShares U.S. Technology ETF by 588.2% in the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 1st quarter valued at approximately $33,000. Finally, Private Wealth Asset Management LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at approximately $39,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 1.0%

Shares of NYSEARCA:IYW opened at $209.34 on Wednesday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $210.16. The company’s 50 day moving average is $191.96 and its two-hundred day moving average is $173.68. The company has a market cap of $22.32 billion, a PE ratio of 34.95 and a beta of 1.23.

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).