Chapin Davis Inc. cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 95.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,675 shares of the exchange traded fund’s stock after selling 121,788 shares during the period. Chapin Davis Inc.’s holdings in iShares U.S. Technology ETF were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $200,579,000. Goodman Advisory Group LLC purchased a new stake in iShares U.S. Technology ETF in the 1st quarter valued at approximately $510,000. CrossGen Wealth LLC acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth approximately $880,000. Mosley Wealth Management acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth approximately $3,475,000. Finally, Compass Financial Group Inc. Ohio purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $1,631,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.
iShares U.S. Technology ETF Price Performance
IYW opened at $267.58 on Friday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The stock has a market cap of $26.78 billion, a P/E ratio of 34.95 and a beta of 1.35. The stock’s 50 day simple moving average is $255.29 and its 200 day simple moving average is $238.32.
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.
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