iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Trek Financial LLC

Trek Financial LLC cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 48.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,792 shares of the exchange traded fund’s stock after selling 27,462 shares during the period. Trek Financial LLC’s holdings in iShares U.S. Technology ETF were worth $4,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IYW. LPL Financial LLC grew its position in iShares U.S. Technology ETF by 23.7% in the 4th quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock valued at $815,358,000 after buying an additional 977,883 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares U.S. Technology ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock worth $545,713,000 after purchasing an additional 314,689 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $256,146,000. Wells Fargo & Company MN boosted its stake in iShares U.S. Technology ETF by 14.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock valued at $227,116,000 after purchasing an additional 177,492 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its position 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 valued at $223,972,000 after purchasing an additional 497,043 shares during the period.

iShares U.S. Technology ETF Trading Down 6.4 %

NYSEARCA:IYW opened at $124.50 on Friday. The company has a 50-day moving average of $152.70 and a 200-day moving average of $156.19. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a twelve month low of $124.25 and a twelve month high of $167.30.

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).