iShares U.S. Technology ETF $IYW Stock: Summit Wealth Group LLC Co. Reduces Holdings

Summit Wealth Group LLC Co. trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 29.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,132 shares of the exchange traded fund’s stock after selling 2,158 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in iShares U.S. Technology ETF were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in IYW. Envestnet Asset Management Inc. grew its position in iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after purchasing an additional 31,952 shares in the last quarter. Hsbc Holdings PLC lifted its position in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after buying an additional 91,338 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Technology ETF in the 2nd quarter worth approximately $200,579,000. Kestra Advisory Services LLC lifted its position in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in iShares U.S. Technology ETF by 10.6% in the 1st quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock worth $41,995,000 after buying an additional 22,151 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Up 1.2%

Shares of NYSEARCA:IYW opened at $239.35 on Wednesday. The firm has a fifty day moving average of $256.73 and a two-hundred day moving average of $229.74. The firm has a market capitalization of $23.46 billion, a P/E ratio of 34.95 and a beta of 1.37. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44.

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.