PNC Financial Services Group Inc. Cuts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

PNC Financial Services Group Inc. decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 389,359 shares of the exchange traded fund’s stock after selling 5,194 shares during the period. PNC Financial Services Group Inc. owned approximately 0.32% of iShares U.S. Technology ETF worth $62,110,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Novus Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $232,000. BBR Partners LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $805,000. Ashton Thomas Private Wealth LLC grew its stake in shares of iShares U.S. Technology ETF by 1,170.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 46,262 shares of the exchange traded fund’s stock worth $7,380,000 after acquiring an additional 42,620 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $256,146,000. Finally, Verdence Capital Advisors LLC grew its stake in shares of iShares U.S. Technology ETF by 9.9% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,282 shares of the exchange traded fund’s stock worth $364,000 after acquiring an additional 206 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $149.09 on Monday. The stock’s 50-day simple moving average is $159.93 and its 200-day simple moving average is $156.54. The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30.

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).