iShares U.S. Technology ETF $IYW Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,941 shares of the exchange traded fund’s stock after selling 3,492 shares during the quarter. iShares U.S. Technology ETF comprises about 1.1% of Commonwealth Financial Services LLC’s holdings, making the stock its 29th largest holding. Commonwealth Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $6,777,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC increased its holdings in shares of iShares U.S. Technology ETF by 8.0% in the fourth quarter. Global Retirement Partners LLC now owns 22,507 shares of the exchange traded fund’s stock valued at $4,494,000 after purchasing an additional 1,664 shares during the last quarter. Aspen Investment Management Inc acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $639,000. Pinkerton Wealth LLC increased its holdings in shares of iShares U.S. Technology ETF by 2.0% in the fourth quarter. Pinkerton Wealth LLC now owns 203,871 shares of the exchange traded fund’s stock valued at $40,709,000 after purchasing an additional 3,943 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of iShares U.S. Technology ETF by 5.7% in the fourth quarter. Larson Financial Group LLC now owns 1,502 shares of the exchange traded fund’s stock valued at $300,000 after purchasing an additional 81 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares U.S. Technology ETF by 12.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 82,831 shares of the exchange traded fund’s stock valued at $16,540,000 after purchasing an additional 9,276 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $240.08 on Friday. iShares U.S. Technology ETF has a one year low of $154.02 and a one year high of $243.69. The stock has a market cap of $23.61 billion, a PE ratio of 34.95 and a beta of 1.33. The stock has a 50 day moving average price of $206.41 and a 200 day moving average price of $200.76.

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.