iShares U.S. Technology ETF $IYW Stake Decreased by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 82.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,694 shares of the exchange traded fund’s stock after selling 26,475 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in iShares U.S. Technology ETF were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after buying an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth $200,579,000. Hsbc Holdings PLC raised its position in shares of iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after buying an additional 91,338 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after buying an additional 48,940 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock traded down $1.08 during midday trading on Wednesday, reaching $271.51. The stock had a trading volume of 522,378 shares, compared to its average volume of 1,081,540. The stock’s 50-day simple moving average is $253.80 and its 200 day simple moving average is $237.15. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The stock has a market capitalization of $27.18 billion, a PE ratio of 34.95 and a beta of 1.35.

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.