iShares U.S. Technology ETF $IYW is Parker Investment Management LLC’s 2nd Largest Position

Parker Investment Management LLC lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 33.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,621 shares of the exchange traded fund’s stock after selling 234,096 shares during the quarter. iShares U.S. Technology ETF comprises 10.9% of Parker Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Parker Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $91,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Money Concepts Capital Corp increased its holdings in iShares U.S. Technology ETF by 485.0% in the 3rd quarter. Money Concepts Capital Corp now owns 11,957 shares of the exchange traded fund’s stock worth $2,342,000 after acquiring an additional 9,913 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares U.S. Technology ETF by 25.6% during the third quarter. Jones Financial Companies Lllp now owns 202,849 shares of the exchange traded fund’s stock valued at $39,366,000 after purchasing an additional 41,324 shares in the last quarter. A4 Wealth Advisors LLC bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth approximately $288,000. Principal Financial Group Inc. increased its stake in shares of iShares U.S. Technology ETF by 99.1% in the third quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after purchasing an additional 53,466 shares in the last quarter. Finally, Forthright Family Wealth Advisory LLC increased its stake in shares of iShares U.S. Technology ETF by 3.6% in the third quarter. Forthright Family Wealth Advisory LLC now owns 25,825 shares of the exchange traded fund’s stock worth $5,058,000 after purchasing an additional 890 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

IYW opened at $199.62 on Tuesday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The firm’s fifty day moving average is $200.33 and its 200 day moving average is $194.34. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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). 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.