iShares U.S. Technology ETF (NYSEARCA:IYW) Position Cut by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 105,874 shares of the exchange traded fund’s stock after selling 4,561 shares during the period. iShares U.S. Technology ETF comprises approximately 3.1% of Commonwealth Financial Services LLC’s holdings, making the stock its 7th largest position. Commonwealth Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $15,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its position in iShares U.S. Technology ETF by 133.8% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. Central Bank & Trust Co. raised its holdings in shares of iShares U.S. Technology ETF by 343.6% in the second quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 134 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of iShares U.S. Technology ETF during the first quarter worth about $36,000. Chris Bulman Inc purchased a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $41,000. Finally, Cultivar Capital Inc. acquired a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $53,000.

iShares U.S. Technology ETF Stock Up 0.5 %

IYW traded up $0.74 on Thursday, hitting $154.53. 47,700 shares of the company traded hands, compared to its average volume of 854,746. iShares U.S. Technology ETF has a 12-month low of $100.84 and a 12-month high of $158.97. The company has a 50 day moving average of $149.13 and a 200-day moving average of $144.42. The stock has a market capitalization of $18.98 billion, a PE ratio of 38.84 and a beta of 1.43.

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).