Private Advisor Group LLC Sells 5,050 Shares of iShares U.S. Technology ETF $IYW

Private Advisor Group LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,456 shares of the exchange traded fund’s stock after selling 5,050 shares during the period. Private Advisor Group LLC owned 0.18% of iShares U.S. Technology ETF worth $32,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. JPMorgan Chase & Co. grew its position in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares in the last quarter. Focus Partners Wealth increased its stake in shares of iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock worth $62,373,000 after purchasing an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at $41,199,000. Morgan Stanley raised its holdings in shares of 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 valued at $1,152,754,000 after purchasing an additional 186,297 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of 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 valued at $29,662,000 after purchasing an additional 170,036 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $243.48 on Friday. The firm has a market cap of $24.52 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The company has a fifty day simple moving average of $240.99 and a 200 day simple moving average of $211.12.

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.