WealthShield Partners LLC decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 47.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,294 shares of the exchange traded fund’s stock after selling 2,051 shares during the period. WealthShield Partners LLC’s holdings in iShares U.S. Technology ETF were worth $416,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. DMC Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $273,000. Hsbc Holdings PLC increased its position in shares of iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after acquiring an additional 91,338 shares during the last quarter. Accredited Investors Inc. increased its position in shares of iShares U.S. Technology ETF by 181.1% during the 1st quarter. Accredited Investors Inc. now owns 6,814 shares of the exchange traded fund’s stock worth $1,236,000 after purchasing an additional 4,390 shares during the last quarter. Kestra Advisory Services LLC raised its position in iShares U.S. Technology ETF by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after acquiring an additional 48,940 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its stake in iShares U.S. Technology ETF by 56.3% in the 1st quarter. Money Concepts Capital Corp now owns 19,855 shares of the exchange traded fund’s stock valued at $3,602,000 after purchasing an additional 7,152 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
NYSEARCA IYW traded up $0.80 during trading on Friday, reaching $250.08. 533,111 shares of the company’s stock were exchanged, compared to its average volume of 1,344,992. The business has a 50 day moving average price of $244.13 and a 200-day moving average price of $212.89. The stock has a market capitalization of $25.12 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01.
iShares U.S. Technology ETF Company 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.
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