Harmony Asset Management LLC Sells 4,383 Shares of iShares U.S. Technology ETF $IYW

Harmony Asset Management LLC reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 41.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,305 shares of the exchange traded fund’s stock after selling 4,383 shares during the quarter. Harmony Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. AQR Capital Management LLC increased its stake in iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. increased its stake in iShares U.S. Technology ETF by 9.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 98 shares during the last quarter. First Trust Advisors LP acquired a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at $222,000. Main Street Financial Solutions LLC increased its stake in iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 166 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 2.0%

Shares of IYW stock opened at $239.33 on Thursday. iShares U.S. Technology ETF has a 1 year low of $154.02 and a 1 year high of $243.69. The firm’s fifty day moving average price is $205.45 and its two-hundred day moving average price is $200.54. The firm has a market capitalization of $23.54 billion, a P/E ratio of 34.95 and a beta of 1.33.

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.