Kelly Financial Services LLC Lowers Position in iShares U.S. Technology ETF $IYW

Kelly Financial Services LLC decreased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 78.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,128 shares of the exchange traded fund’s stock after selling 42,975 shares during the quarter. iShares U.S. Technology ETF comprises about 0.6% of Kelly Financial Services LLC’s portfolio, making the stock its 29th largest holding. Kelly Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $2,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Technology ETF by 113.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after buying an additional 542,816 shares in the last quarter. Hsbc Holdings PLC boosted its stake in iShares U.S. Technology ETF by 52.6% during the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after buying an additional 401,472 shares during the last quarter. Parker Investment Management LLC grew its holdings in iShares U.S. Technology ETF by 126.4% during the 2nd quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock valued at $121,413,000 after buying an additional 391,273 shares in the last quarter. Finally, Pinkerton Wealth LLC purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at approximately $34,296,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $202.22 on Wednesday. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The business’s 50 day simple moving average is $200.25 and its 200-day simple moving average is $188.20.

iShares U.S. Technology ETF Company 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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.