Commonwealth Retirement Investments LLC Cuts Stock Holdings in iShares U.S. Technology ETF $IYW

Commonwealth Retirement Investments LLC decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,562 shares of the exchange traded fund’s stock after selling 1,778 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in iShares U.S. Technology ETF were worth $964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IYW. The Manufacturers Life Insurance Company grew its holdings in shares of iShares U.S. Technology ETF by 113.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after purchasing an additional 542,816 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 795.5% during the first quarter. Liberty Wealth Management LLC now owns 416,723 shares of the exchange traded fund’s stock worth $58,525,000 after purchasing an additional 370,190 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after purchasing an additional 224,438 shares in the last quarter. PGIM Custom Harvest LLC grew its holdings in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after purchasing an additional 192,008 shares in the last quarter. Finally, Ascent Group LLC grew its holdings in shares of iShares U.S. Technology ETF by 251.7% during the first quarter. Ascent Group LLC now owns 158,880 shares of the exchange traded fund’s stock worth $22,313,000 after purchasing an additional 113,709 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 2.5%

Shares of NYSEARCA IYW opened at $203.61 on Wednesday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50-day moving average of $194.70 and a 200-day moving average of $176.56.

iShares U.S. Technology ETF 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).