iShares U.S. Technology ETF $IYW Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 54.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,566 shares of the exchange traded fund’s stock after selling 18,375 shares during the quarter. Commonwealth Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $2,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after buying an additional 1,031,871 shares during the period. Focus Partners Wealth lifted its stake in iShares U.S. Technology ETF by 450.1% in the fourth quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock worth $62,373,000 after acquiring an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth approximately $41,199,000. Morgan Stanley grew its holdings in iShares U.S. Technology ETF by 3.3% during the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after acquiring an additional 186,297 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in iShares U.S. Technology ETF by 14,772.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after acquiring an additional 170,036 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $239.24 on Monday. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01. The company’s 50 day moving average is $245.67 and its two-hundred day moving average is $214.46. The company has a market cap of $24.06 billion, a PE ratio of 34.95 and a beta of 1.35.

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.