My Legacy Advisors LLC Lowers Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

My Legacy Advisors LLC cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,479 shares of the exchange traded fund’s stock after selling 136 shares during the quarter. My Legacy Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $2,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of 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 buying an additional 977,883 shares in the last quarter. Bank of America Corp DE increased its position in 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 during the last quarter. JPMorgan Chase & Co. increased its position in iShares U.S. Technology ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock worth $545,713,000 after purchasing an additional 314,689 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth approximately $256,146,000. Finally, Wells Fargo & Company MN increased its position in iShares U.S. Technology ETF by 14.2% during the fourth 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 last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $164.98 on Wednesday. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $167.30. The company has a 50 day moving average price of $147.06 and a 200 day moving average price of $153.84. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 35.28 and a beta of 1.23.

iShares U.S. Technology ETF Company 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).