Adell Harriman & Carpenter Inc. Cuts Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Adell Harriman & Carpenter Inc. lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,100 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Technology ETF were worth $2,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IYW. Phillips Financial Management LLC grew its holdings in shares of 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 buying an additional 170 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares in the last quarter. Avion Wealth purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $47,000. Activest Wealth Management purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $52,000. Finally, China Universal Asset Management Co. Ltd. grew its holdings in shares of iShares U.S. Technology ETF by 37,900.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 379 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 0.5 %

iShares U.S. Technology ETF stock opened at $165.87 on Friday. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $166.83. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The company has a fifty day simple moving average of $161.93 and a 200-day simple moving average of $154.80.

About iShares U.S. Technology ETF

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).