Quotient Wealth Partners LLC Decreases Stock Position in iShares U.S. Technology ETF $IYW

Quotient Wealth Partners LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 21.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,976 shares of the exchange traded fund’s stock after selling 7,449 shares during the period. Quotient Wealth Partners LLC’s holdings in iShares U.S. Technology ETF were worth $5,075,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley grew its position in shares of iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after buying an additional 186,297 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares during the last quarter. UBS Group AG lifted its holdings in iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after buying an additional 72,485 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after acquiring an additional 97,389 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $253.57 on Friday. The stock has a market capitalization of $24.94 billion, a PE ratio of 34.95 and a beta of 1.36. The business’s fifty day moving average price is $232.73 and its 200 day moving average price is $208.07. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01.

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). 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.