iShares U.S. Technology ETF $IYW Stock Position Lowered by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 35.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,811 shares of the exchange traded fund’s stock after selling 3,200 shares during the period. iShares U.S. Technology ETF comprises about 0.5% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Montz Harcus Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Monetary Solutions Ltd acquired a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $26,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $28,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $28,000. Finally, Citizens National Bank Trust Department purchased a new position in shares of iShares U.S. Technology ETF during the first quarter valued at $31,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 1.7%

NYSEARCA:IYW opened at $252.54 on Friday. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01. The business’s fifty day moving average price is $246.28 and its 200 day moving average price is $225.98.

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.