NCM Capital Management LLC Trims Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

NCM Capital Management LLC decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,361 shares of the exchange traded fund’s stock after selling 99 shares during the period. NCM Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,493,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC raised its holdings in iShares U.S. Technology ETF by 23.7% during the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock valued at $815,358,000 after acquiring an additional 977,883 shares during the period. Bank of America Corp DE grew its position in shares of iShares U.S. Technology ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 4,297,527 shares of the exchange traded fund’s stock worth $685,541,000 after purchasing an additional 26,427 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Technology ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock valued at $545,713,000 after purchasing an additional 314,689 shares during the period. Raymond James Financial Inc. purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth approximately $256,146,000. Finally, Wells Fargo & Company MN boosted its stake in iShares U.S. Technology ETF by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock worth $227,116,000 after purchasing an additional 177,492 shares during the period.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $159.25 on Wednesday. The firm has a market cap of $20.07 billion, a P/E ratio of 33.25 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $167.30. The company has a 50 day simple moving average of $142.45 and a two-hundred day simple moving average of $153.68.

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).