iShares U.S. Technology ETF $IYW Shares Sold by Accel Wealth Management

Accel Wealth Management lowered its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 37.1% during the second quarter, HoldingsChannel reports. The fund owned 3,840 shares of the exchange traded fund’s stock after selling 2,263 shares during the period. Accel Wealth Management’s holdings in iShares U.S. Technology ETF were worth $969,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IYW. Morgan Stanley increased its position in iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after buying an additional 186,297 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the period. UBS Group AG boosted its holdings in shares of iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after acquiring an additional 72,485 shares during the period. Raymond James Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after acquiring an additional 97,389 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $251.02 on Wednesday. The firm’s fifty day simple moving average is $245.28 and its 200-day simple moving average is $219.57. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $261.01. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36.

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.