Venturi Wealth Management LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 82.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,329 shares of the exchange traded fund’s stock after selling 6,166 shares during the quarter. Venturi Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $241,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of IYW. Monetary Solutions Ltd acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $28,000. Miller Capital Partners Inc. bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $32,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Up 2.4%
Shares of IYW opened at $252.23 on Wednesday. The stock’s fifty day simple moving average is $238.96 and its 200-day simple moving average is $210.26. The firm has a market capitalization of $24.81 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12-month low of $170.25 and a 12-month 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.
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