iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Absolute Capital Management LLC

Absolute Capital Management LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,608 shares of the exchange traded fund’s stock after selling 451 shares during the quarter. Absolute Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,217,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IYW. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth $256,146,000. The Manufacturers Life Insurance Company grew its holdings in shares of iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after purchasing an additional 541,550 shares during the period. Dynasty Wealth Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 54.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock worth $223,972,000 after purchasing an additional 497,043 shares during the period. Atlas Legacy Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth $38,293,000. Finally, HighTower Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after purchasing an additional 128,052 shares during the period.

iShares U.S. Technology ETF Trading Down 0.4 %

NYSEARCA IYW opened at $145.69 on Friday. The stock has a fifty day simple moving average of $156.93 and a 200-day simple moving average of $156.22. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30. The stock has a market cap of $18.17 billion, a PE ratio of 33.00 and a beta of 1.16.

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).