Ferguson Wellman Capital Management Inc. Sells 1,308 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Ferguson Wellman Capital Management Inc. lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,268 shares of the exchange traded fund’s stock after selling 1,308 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in iShares U.S. Technology ETF were worth $3,689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kelly Financial Services LLC grew its stake in shares of iShares U.S. Technology ETF by 3.0% during the first quarter. Kelly Financial Services LLC now owns 54,407 shares of the exchange traded fund’s stock valued at $7,641,000 after purchasing an additional 1,605 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in iShares U.S. Technology ETF by 2.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,584 shares of the exchange traded fund’s stock valued at $644,000 after buying an additional 96 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of iShares U.S. Technology ETF by 7.3% in the 1st quarter. Fifth Third Bancorp now owns 2,685 shares of the exchange traded fund’s stock valued at $377,000 after buying an additional 182 shares during the period. Two West Capital Advisors LLC raised its position in shares of iShares U.S. Technology ETF by 35.5% during the first quarter. Two West Capital Advisors LLC now owns 2,260 shares of the exchange traded fund’s stock worth $307,000 after acquiring an additional 592 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 9.0% during the first quarter. Simon Quick Advisors LLC now owns 4,481 shares of the exchange traded fund’s stock valued at $629,000 after acquiring an additional 369 shares during the period.

iShares U.S. Technology ETF Trading Down 0.3%

iShares U.S. Technology ETF stock opened at $164.49 on Thursday. The company has a market cap of $20.20 billion, a PE ratio of 35.28 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’s 50-day moving average is $147.86 and its two-hundred day moving average is $153.92.

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).