Hobart Private Capital LLC Sells 240 Shares of iShares U.S. Technology ETF $IYW

Hobart Private Capital LLC lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,701 shares of the exchange traded fund’s stock after selling 240 shares during the period. Hobart Private Capital LLC’s holdings in iShares U.S. Technology ETF were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IYW. Bessemer Group Inc. lifted its stake in shares of iShares U.S. Technology ETF by 19.8% in the first quarter. Bessemer Group Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $168,000 after buying an additional 198 shares during the period. Beacon Financial Advisory LLC raised its position in iShares U.S. Technology ETF by 7.5% in the first quarter. Beacon Financial Advisory LLC now owns 5,580 shares of the exchange traded fund’s stock worth $784,000 after purchasing an additional 391 shares in the last quarter. Trust Co. of Vermont acquired a new position in iShares U.S. Technology ETF in the first quarter worth about $30,000. Bartlett & CO. Wealth Management LLC raised its position in iShares U.S. Technology ETF by 43.5% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 35,943 shares of the exchange traded fund’s stock worth $5,048,000 after purchasing an additional 10,895 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in iShares U.S. Technology ETF by 0.8% in the first quarter. Jaffetilchin Investment Partners LLC now owns 28,937 shares of the exchange traded fund’s stock worth $4,064,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.6%

NYSEARCA:IYW opened at $203.09 on Friday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $203.85. The firm has a market capitalization of $21.66 billion, a PE ratio of 34.95 and a beta of 1.15. The firm has a 50-day moving average price of $190.92 and a 200 day moving average price of $172.09.

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).