Kickstand Ventures LLC. Has $10.77 Million Stock Position in iShares U.S. Technology ETF $IYW

Kickstand Ventures LLC. cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 20.9% in the second quarter, Holdings Channel reports. The institutional investor owned 42,688 shares of the exchange traded fund’s stock after selling 11,277 shares during the quarter. iShares U.S. Technology ETF accounts for about 2.0% of Kickstand Ventures LLC.’s portfolio, making the stock its 12th biggest holding. Kickstand Ventures LLC.’s holdings in iShares U.S. Technology ETF were worth $10,767,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares during the period. Pinkerton Wealth LLC increased its holdings in shares of iShares U.S. Technology ETF by 2.0% during the 4th quarter. Pinkerton Wealth LLC now owns 203,871 shares of the exchange traded fund’s stock worth $40,709,000 after purchasing an additional 3,943 shares during the period. Tennessee Valley Asset Management Partners increased its holdings in shares of iShares U.S. Technology ETF by 18.4% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 17,697 shares of the exchange traded fund’s stock worth $3,534,000 after purchasing an additional 2,750 shares during the period. Allen Investment Management LLC raised its position in shares of iShares U.S. Technology ETF by 94.1% during the fourth quarter. Allen Investment Management LLC now owns 10,606 shares of the exchange traded fund’s stock valued at $2,118,000 after buying an additional 5,142 shares during the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at about $510,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $252.54 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock has a market cap of $25.01 billion, a PE ratio of 34.95 and a beta of 1.36. The firm has a 50-day simple moving average of $246.28 and a 200 day simple moving average of $225.98.

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). 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.