Commonwealth Financial Services LLC Lowers Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Commonwealth Financial Services LLC lessened its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,011 shares of the exchange traded fund’s stock after selling 25,863 shares during the period. iShares U.S. Technology ETF comprises approximately 2.5% of Commonwealth Financial Services LLC’s holdings, making the stock its 9th biggest position. Commonwealth Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $12,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IYW. Phillips Financial Management LLC increased its holdings in iShares U.S. Technology ETF by 1,545.5% in the 3rd 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. Brooklyn Investment Group increased its holdings in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Activest Wealth Management purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth approximately $52,000. China Universal Asset Management Co. Ltd. increased its holdings in iShares U.S. Technology ETF by 37,900.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 379 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth approximately $63,000.

iShares U.S. Technology ETF Trading Down 1.3 %

iShares U.S. Technology ETF stock opened at $157.56 on Tuesday. The firm has a 50 day moving average of $161.76 and a 200 day moving average of $153.91. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $166.83.

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).