Wedbush Securities Inc. Decreases Stake in iShares U.S. Technology ETF $IYW

Wedbush Securities Inc. decreased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 34.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,647 shares of the exchange traded fund’s stock after selling 4,019 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares U.S. Technology ETF were worth $1,498,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Human Investing LLC boosted its position in iShares U.S. Technology ETF by 2.7% during the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock worth $363,000 after acquiring an additional 49 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 54 shares during the last quarter. Occidental Asset Management LLC grew its position in shares of iShares U.S. Technology ETF by 1.2% in the third quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock valued at $952,000 after purchasing an additional 56 shares in the last quarter. Tsfg LLC increased its holdings in shares of iShares U.S. Technology ETF by 35.4% in the second quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 58 shares during the last quarter. Finally, Greenleaf Trust lifted its position in iShares U.S. Technology ETF by 1.0% during the third quarter. Greenleaf Trust now owns 5,715 shares of the exchange traded fund’s stock worth $1,119,000 after buying an additional 58 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $190.54 on Friday. The stock’s fifty day moving average is $199.12 and its two-hundred day moving average is $194.97. The firm has a market capitalization of $19.94 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98.

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.