Parker Investment Management LLC Has $37.11 Million Stock Holdings in iShares U.S. Technology ETF $IYW

Parker Investment Management LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 204,533 shares of the exchange traded fund’s stock after selling 45,797 shares during the quarter. iShares U.S. Technology ETF comprises about 5.6% of Parker Investment Management LLC’s holdings, making the stock its 7th largest position. Parker Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $37,106,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IYW. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at $26,000. Sankala Group LLC bought a new position in iShares U.S. Technology ETF in the 4th quarter worth about $26,000. Miller Capital Partners Inc. bought a new position in iShares U.S. Technology ETF in the 4th quarter worth about $28,000. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF during the 3rd quarter valued at about $28,000. Finally, Citizens National Bank Trust Department purchased a new position in iShares U.S. Technology ETF during the 1st quarter valued at about $31,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 0.5%

Shares of IYW opened at $243.28 on Thursday. The business’s 50-day moving average price is $245.87 and its 200-day moving average price is $215.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock has a market cap of $24.46 billion, a PE ratio of 34.95 and a beta of 1.35.

iShares U.S. Technology ETF 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.