Cwm LLC Cuts Stake in iShares U.S. Technology ETF $IYW

Cwm LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 906,393 shares of the exchange traded fund’s stock after selling 141,320 shares during the quarter. Cwm LLC owned about 0.72% of iShares U.S. Technology ETF worth $157,051,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IYW. Simon Quick Advisors LLC raised its position in iShares U.S. Technology ETF by 9.0% in the first quarter. Simon Quick Advisors LLC now owns 4,481 shares of the exchange traded fund’s stock valued at $629,000 after purchasing an additional 369 shares during the period. Fifth Third Bancorp raised its position in iShares U.S. Technology ETF by 7.3% in the first quarter. Fifth Third Bancorp now owns 2,685 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 182 shares during the period. Elevation Point Wealth Partners LLC raised its position in iShares U.S. Technology ETF by 2.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 14,911 shares of the exchange traded fund’s stock valued at $2,094,000 after purchasing an additional 414 shares during the period. Jackson Square Capital LLC raised its position in iShares U.S. Technology ETF by 22.0% in the first quarter. Jackson Square Capital LLC now owns 2,044 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 368 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in iShares U.S. Technology ETF by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,291 shares of the exchange traded fund’s stock valued at $20,124,000 after purchasing an additional 15,785 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $192.80 on Friday. The business’s 50-day moving average is $187.90 and its two-hundred day moving average is $167.96. The firm has a market capitalization of $20.47 billion, a PE ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $201.50.

About iShares U.S. Technology ETF

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).