iShares U.S. Technology ETF $IYW Stock: Crown Wealth Group LLC Trims Position

Crown Wealth Group LLC lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,964 shares of the exchange traded fund’s stock after selling 9,257 shares during the quarter. iShares U.S. Technology ETF makes up about 2.3% of Crown Wealth Group LLC’s holdings, making the stock its 12th biggest holding. Crown Wealth Group LLC’s holdings in iShares U.S. Technology ETF were worth $9,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. Gimbal Financial purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $5,236,000. Sonata Capital Group Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $2,710,000. Prairie Advisory LLC lifted its holdings in shares of iShares U.S. Technology ETF by 100.0% in the third quarter. Prairie Advisory LLC now owns 5,170 shares of the exchange traded fund’s stock valued at $1,370,000 after purchasing an additional 2,585 shares in the last quarter. Independent Wealth Network Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $227,000. Finally, Jackson Square Capital LLC boosted its position in shares of iShares U.S. Technology ETF by 5.8% in the third quarter. Jackson Square Capital LLC now owns 1,119 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.2%

Shares of iShares U.S. Technology ETF stock traded up $3.02 during midday trading on Monday, hitting $254.26. The company’s stock had a trading volume of 497,147 shares, compared to its average volume of 1,072,463. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The firm has a market capitalization of $24.70 billion, a P/E ratio of 34.95 and a beta of 1.35. The stock has a 50-day simple moving average of $256.92 and a 200-day simple moving average of $241.73.

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.