iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,322 shares of the exchange traded fund’s stock after selling 551 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares U.S. Technology ETF were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth approximately $52,000. Legacy Investment Solutions LLC acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth approximately $63,000. PSI Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 36.2% during the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 123 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in iShares U.S. Technology ETF by 81.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 245 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $156.60 on Wednesday. iShares U.S. Technology ETF has a fifty-two week low of $121.05 and a fifty-two week high of $166.47. The stock’s fifty day moving average is $161.06 and its two-hundred day moving average is $153.23. The firm has a market capitalization of $19.24 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).