Private Trust Co. NA Reduces Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Private Trust Co. NA lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,258 shares of the exchange traded fund’s stock after selling 1,890 shares during the period. Private Trust Co. NA’s holdings in iShares U.S. Technology ETF were worth $2,465,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IYW. Rosenberg Matthew Hamilton lifted its position in iShares U.S. Technology ETF by 133.8% in the second 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. lifted its position in iShares U.S. Technology ETF by 343.6% during the 2nd quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 134 shares during the period. Phillips Financial Management LLC boosted its stake in iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares in the last quarter. Chris Bulman Inc purchased a new stake in iShares U.S. Technology ETF in the second quarter worth about $41,000. Finally, Activest Wealth Management bought a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $52,000.

iShares U.S. Technology ETF Stock Performance

Shares of IYW traded up $0.22 during mid-day trading on Monday, reaching $159.27. The company had a trading volume of 64,098 shares, compared to its average volume of 843,357. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The firm has a 50-day moving average price of $154.05 and a 200 day moving average price of $148.56. iShares U.S. Technology ETF has a 52 week low of $114.84 and a 52 week high of $161.49.

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).