Harmony Asset Management LLC Decreases Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Harmony Asset Management LLC trimmed its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,683 shares of the exchange traded fund’s stock after selling 4,146 shares during the period. Harmony Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC boosted its position 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 worth $815,358,000 after acquiring an additional 977,883 shares during the last quarter. Bank of America Corp DE grew its stake in iShares U.S. Technology ETF by 0.6% during the 4th quarter. Bank of America Corp DE now owns 4,297,527 shares of the exchange traded fund’s stock valued at $685,541,000 after acquiring an additional 26,427 shares in the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 314,689 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at about $256,146,000. Finally, Wells Fargo & Company MN grew its stake in iShares U.S. Technology ETF by 14.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock valued at $227,116,000 after acquiring an additional 177,492 shares in the last quarter.

iShares U.S. Technology ETF Trading Down 1.6%

Shares of NYSEARCA IYW opened at $156.70 on Thursday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $167.30. The stock has a market cap of $19.75 billion, a PE ratio of 33.25 and a beta of 1.23. The company has a 50-day moving average of $142.66 and a 200 day moving average of $153.70.

About iShares U.S. Technology ETF

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).