Parker Investment Management LLC Sells 216,291 Shares of iShares U.S. Technology ETF $IYW

Parker Investment Management LLC decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,330 shares of the exchange traded fund’s stock after selling 216,291 shares during the quarter. iShares U.S. Technology ETF accounts for approximately 7.1% of Parker Investment Management LLC’s portfolio, making the stock its 8th largest holding. Parker Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $49,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IYW. Compound Planning Inc. raised its holdings in iShares U.S. Technology ETF by 10.7% in the 3rd quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock valued at $26,445,000 after buying an additional 13,045 shares during the period. Clear Creek Financial Management LLC raised its holdings in iShares U.S. Technology ETF by 32.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock valued at $2,319,000 after buying an additional 2,882 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in iShares U.S. Technology ETF by 20.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock valued at $8,444,000 after buying an additional 7,217 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares during the period. Finally, ASL Financial LLC purchased a new stake in iShares U.S. Technology ETF in the 4th quarter valued at about $718,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $244.83 on Monday. The firm has a market capitalization of $24.08 billion, a PE ratio of 34.95 and a beta of 1.36. The firm’s 50-day moving average is $226.37 and its two-hundred day moving average is $206.25. iShares U.S. Technology ETF has a 1 year low of $162.80 and a 1 year high of $261.01.

About iShares U.S. Technology ETF

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.