Parker Investment Management LLC Trims Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Parker Investment Management LLC lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 49.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 535,888 shares of the exchange traded fund’s stock after selling 531,877 shares during the quarter. iShares U.S. Technology ETF accounts for about 12.9% of Parker Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Parker Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $81,251,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IYW. IHT Wealth Management LLC boosted its position in shares of iShares U.S. Technology ETF by 30.0% during the third quarter. IHT Wealth Management LLC now owns 109,932 shares of the exchange traded fund’s stock worth $16,656,000 after purchasing an additional 25,374 shares in the last quarter. Harmony Asset Management LLC raised its stake in iShares U.S. Technology ETF by 19.3% during the 3rd quarter. Harmony Asset Management LLC now owns 13,829 shares of the exchange traded fund’s stock worth $2,097,000 after buying an additional 2,242 shares during the period. HighTower Advisors LLC grew its stake in iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after acquiring an additional 128,052 shares during the period. Ascent Group LLC increased its holdings in shares of iShares U.S. Technology ETF by 3.7% in the third quarter. Ascent Group LLC now owns 45,218 shares of the exchange traded fund’s stock worth $6,856,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $2,287,000.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $162.11 on Wednesday. iShares U.S. Technology ETF has a 52-week low of $114.84 and a 52-week high of $162.14. The business has a 50 day simple moving average of $155.67 and a 200 day simple moving average of $149.72. The stock has a market cap of $19.92 billion, a price-to-earnings 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).