PNC Financial Services Group Inc. Decreases Stock Holdings in iShares U.S. Technology ETF $IYW

PNC Financial Services Group Inc. trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,500 shares of the exchange traded fund’s stock after selling 5,181 shares during the period. PNC Financial Services Group Inc. owned about 0.37% of iShares U.S. Technology ETF worth $66,490,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its position in iShares U.S. Technology ETF by 58.1% during the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of iShares U.S. Technology ETF by 9.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after buying an additional 98 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of iShares U.S. Technology ETF during the second quarter valued at approximately $222,000. Main Street Financial Solutions LLC increased its stake in shares of iShares U.S. Technology ETF by 95.7% during the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 1,394 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of iShares U.S. Technology ETF by 0.8% during the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 166 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 1.9%

Shares of iShares U.S. Technology ETF stock opened at $238.54 on Friday. The business has a 50 day moving average of $245.78 and a 200 day moving average of $215.62. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01. The company has a market cap of $23.70 billion, a PE ratio of 34.95 and a beta of 1.35.

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.