AE Wealth Management LLC Trims Stake in iShares U.S. Technology ETF $IYW

AE Wealth Management LLC lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 56.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,336 shares of the exchange traded fund’s stock after selling 62,994 shares during the period. AE Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $9,467,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IYW. Activest Wealth Management purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter worth approximately $227,000. TD Waterhouse Canada Inc. increased its stake in iShares U.S. Technology ETF by 97.6% in the third quarter. TD Waterhouse Canada Inc. now owns 10,465 shares of the exchange traded fund’s stock worth $2,065,000 after purchasing an additional 5,170 shares during the period. Investment Advisory Group LLC lifted its position in shares of iShares U.S. Technology ETF by 1.5% during the third quarter. Investment Advisory Group LLC now owns 8,154 shares of the exchange traded fund’s stock worth $1,597,000 after purchasing an additional 123 shares during the last quarter. Clarus Group Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at $219,000. Finally, Human Investing LLC boosted its stake in shares of iShares U.S. Technology ETF by 2.7% during the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 49 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $198.37 on Friday. The company has a market capitalization of $20.72 billion, a PE ratio of 34.95 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 $211.98. The firm’s 50-day moving average is $200.23 and its 200 day moving average is $193.95.

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.