Axecap Investments LLC Reduces Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Axecap Investments LLC reduced its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 20.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,639 shares of the exchange traded fund’s stock after selling 1,408 shares during the period. Axecap Investments LLC’s holdings in iShares U.S. Technology ETF were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. grew its position in iShares U.S. Technology ETF by 43.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 90 shares during the last quarter. Avion Wealth purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $47,000. Atala Financial Inc purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $52,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at $53,000.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $164.49 on Thursday. The firm’s fifty day simple moving average is $147.86 and its 200-day simple moving average is $153.92. The company has a market capitalization of $20.20 billion, a P/E ratio of 35.28 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $167.30.

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).