Envestnet Asset Management Inc. Trims Holdings in iShares U.S. Technology ETF $IYW

Envestnet Asset Management Inc. lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 75.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,313,958 shares of the exchange traded fund’s stock after selling 6,984,460 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares U.S. Technology ETF were worth $453,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Presilium Private Wealth LLC acquired a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at approximately $203,000. Sigma Investment Counselors Inc. purchased a new position in shares of iShares U.S. Technology ETF during the second quarter worth $224,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at $1,093,000. HB Wealth Management LLC raised its holdings in shares of iShares U.S. Technology ETF by 48.2% in the 3rd quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock valued at $3,274,000 after buying an additional 5,439 shares during the period. Finally, Moulton Wealth Management Inc. acquired a new position in iShares U.S. Technology ETF during the 3rd quarter worth about $2,839,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $190.39 on Thursday. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50-day moving average of $200.18 and a 200 day moving average of $194.43. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.