Pinnacle Advisory Group Inc. Sells 15,701 Shares of iShares US Technology ETF (NYSEARCA:IYW)

Pinnacle Advisory Group Inc. decreased its position in iShares US Technology ETF (NYSEARCA:IYW) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 426,406 shares of the exchange traded fund’s stock after selling 15,701 shares during the period. iShares US Technology ETF comprises approximately 5.8% of Pinnacle Advisory Group Inc.’s portfolio, making the stock its 4th biggest holding. Pinnacle Advisory Group Inc. owned 2.05% of iShares US Technology ETF worth $84,382,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of iShares US Technology ETF by 6.0% in the 1st quarter. JPMorgan Chase & Co. now owns 114,558 shares of the exchange traded fund’s stock worth $21,835,000 after purchasing an additional 6,480 shares during the period. Grimes & Company Inc. raised its holdings in shares of iShares US Technology ETF by 4.6% in the 2nd quarter. Grimes & Company Inc. now owns 89,708 shares of the exchange traded fund’s stock worth $17,752,000 after purchasing an additional 3,984 shares during the period. SPC Financial Inc. grew its stake in shares of iShares US Technology ETF by 1.5% in the first quarter. SPC Financial Inc. now owns 87,512 shares of the exchange traded fund’s stock valued at $16,680,000 after buying an additional 1,310 shares in the last quarter. Fulcrum Equity Management acquired a new stake in shares of iShares US Technology ETF in the first quarter valued at about $15,380,000. Finally, Monroe Bank & Trust MI grew its stake in shares of iShares US Technology ETF by 8.4% in the first quarter. Monroe Bank & Trust MI now owns 79,672 shares of the exchange traded fund’s stock valued at $15,185,000 after buying an additional 6,145 shares in the last quarter.

Shares of IYW stock traded down $1.22 during trading hours on Thursday, reaching $201.09. The company had a trading volume of 1,102 shares, compared to its average volume of 147,706. iShares US Technology ETF has a twelve month low of $148.42 and a twelve month high of $212.07. The stock’s fifty day simple moving average is $203.43 and its 200 day simple moving average is $194.30.



iShares US 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).

Further Reading: Market Timing

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Institutional Ownership by Quarter for iShares US Technology ETF (NYSEARCA:IYW)

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