55,722 iShares U.S. Technology ETF $IYW Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 98.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,100 shares of the exchange traded fund’s stock after selling 55,722 shares during the quarter. Cascade Investment Group Inc.’s holdings in iShares U.S. Technology ETF were worth $291,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Go Invest LLC acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $30,000. Citizens National Bank Trust Department acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $31,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $40,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 0.1%

Shares of IYW traded down $0.14 during mid-day trading on Tuesday, reaching $266.66. 186,859 shares of the company’s stock were exchanged, compared to its average volume of 1,074,688. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44. The company has a market cap of $25.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The company has a 50-day simple moving average of $256.38 and a two-hundred day simple moving average of $239.47.

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.