Charter Oak Capital Management LLC Decreases Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Charter Oak Capital Management LLC lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,829 shares of the exchange traded fund’s stock after selling 68 shares during the quarter. Charter Oak Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,568,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Phillips Financial Management LLC lifted its position in shares of iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 170 shares during the period. Brooklyn Investment Group increased its stake in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Activest Wealth Management acquired a new position in iShares U.S. Technology ETF during the third quarter worth $52,000. Legacy Investment Solutions LLC purchased a new stake in iShares U.S. Technology ETF during the third quarter worth $63,000. Finally, PSI Advisors LLC grew its holdings in iShares U.S. Technology ETF by 36.2% in the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock valued at $74,000 after purchasing an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 4.6 %

Shares of IYW stock opened at $157.13 on Tuesday. The stock has a market cap of $19.30 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $166.83. The business has a fifty day simple moving average of $161.63 and a 200-day simple moving average of $153.69.

iShares U.S. Technology ETF Company 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).