Integrated Wealth Concepts LLC Sells 16,030 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Integrated Wealth Concepts LLC decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.7% in the third quarter, Holdings Channel.com reports. The firm owned 167,980 shares of the exchange traded fund’s stock after selling 16,030 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares U.S. Technology ETF were worth $25,469,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in iShares U.S. Technology ETF by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,813,520 shares of the exchange traded fund’s stock valued at $1,777,935,000 after buying an additional 371,517 shares during the period. LPL Financial LLC increased its stake in iShares U.S. Technology ETF by 3.0% during the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after purchasing an additional 120,614 shares in the last quarter. International Assets Investment Management LLC increased its holdings in iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after buying an additional 3,179,355 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in iShares U.S. Technology ETF by 2.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,390,175 shares of the exchange traded fund’s stock valued at $209,221,000 after acquiring an additional 30,147 shares in the last quarter. Finally, Parker Investment Management LLC raised its stake in shares of iShares U.S. Technology ETF by 44.6% during the 2nd quarter. Parker Investment Management LLC now owns 1,067,765 shares of the exchange traded fund’s stock worth $160,699,000 after buying an additional 329,161 shares during the period.

iShares U.S. Technology ETF Trading Up 1.1 %

Shares of IYW opened at $161.02 on Tuesday. iShares U.S. Technology ETF has a 12-month low of $114.84 and a 12-month high of $161.61. The firm has a 50-day moving average price of $155.43 and a 200 day moving average price of $149.55. The firm has a market capitalization of $19.78 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).