Verus Capital Partners LLC Cuts Holdings in iShares U.S. Technology ETF $IYW

Verus Capital Partners LLC decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 54.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,788 shares of the exchange traded fund’s stock after selling 3,338 shares during the period. Verus Capital Partners LLC’s holdings in iShares U.S. Technology ETF were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IYW. AQR Capital Management LLC raised its position in shares of iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares in the last quarter. Russell Investments Group Ltd. boosted its position in iShares U.S. Technology ETF by 9.8% during the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares in the last quarter. First Trust Advisors LP bought a new stake in iShares U.S. Technology ETF during the second quarter valued at about $222,000. Main Street Financial Solutions LLC grew its stake in iShares U.S. Technology ETF by 95.7% in 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 purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $238.04 on Monday. The company has a market capitalization of $23.58 billion, a PE ratio of 34.95 and a beta of 1.35. The company has a 50-day simple moving average of $245.27 and a two-hundred day simple moving average of $217.00. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $261.01.

iShares U.S. Technology ETF 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.