Goldman Sachs Group Inc. Trims Position in iShares U.S. Technology ETF $IYW

Goldman Sachs Group Inc. cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 588,276 shares of the exchange traded fund’s stock after selling 16,921 shares during the period. Goldman Sachs Group Inc. owned 0.56% of iShares U.S. Technology ETF worth $117,467,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Compound Planning Inc. grew its stake in iShares U.S. Technology ETF by 10.7% in the third quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after purchasing an additional 13,045 shares during the period. Clear Creek Financial Management LLC grew its stake in iShares U.S. Technology ETF by 32.2% in the third quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock worth $2,319,000 after purchasing an additional 2,882 shares during the period. Bartlett & CO. Wealth Management LLC grew its stake in iShares U.S. Technology ETF by 20.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock worth $8,444,000 after purchasing an additional 7,217 shares during the period. ASL Financial LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth $718,000. Finally, Tudor Investment Corp ET AL grew its stake in iShares U.S. Technology ETF by 714.4% in the third quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock worth $4,560,000 after purchasing an additional 20,425 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 1.6%

Shares of IYW stock opened at $245.13 on Tuesday. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The business’s fifty day moving average is $221.39 and its 200 day moving average is $204.87. iShares U.S. Technology ETF has a twelve month low of $162.80 and a twelve month high of $261.01.

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.