Adell Harriman & Carpenter Inc. Sells 4,530 Shares of iShares U.S. Technology ETF $IYW

Adell Harriman & Carpenter Inc. cut its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 37.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,470 shares of the exchange traded fund’s stock after selling 4,530 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Technology ETF were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Collier Financial acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $37,000. Beacon Financial Strategies CORP bought a new position in iShares U.S. Technology ETF in the fourth quarter valued at approximately $41,000. Finally, Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $234.56 on Wednesday. The business has a fifty day moving average price of $204.49 and a two-hundred day moving average price of $200.31. The stock has a market capitalization of $23.07 billion, a PE ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a fifty-two week low of $154.02 and a fifty-two week high of $243.69.

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.