Burns J W & Co. Inc. NY Trims Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Burns J W & Co. Inc. NY decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,698 shares of the exchange traded fund’s stock after selling 999 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in iShares U.S. Technology ETF were worth $749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Phillips Financial Management LLC grew its holdings in iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Activest Wealth Management purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $52,000. Legacy Investment Solutions LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $63,000. Brown Brothers Harriman & Co. raised its position in shares of 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 worth $83,000 after buying an additional 245 shares during the period. Finally, Truvestments Capital LLC acquired a new position in iShares U.S. Technology ETF in the third quarter valued at $89,000.

iShares U.S. Technology ETF Trading Down 0.8 %

NYSEARCA:IYW traded down $1.29 on Monday, hitting $156.56. 652,265 shares of the stock were exchanged, compared to its average volume of 1,002,680. The stock has a fifty day moving average of $160.96 and a 200-day moving average of $153.19. The stock has a market cap of $19.23 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $121.05 and a fifty-two week high of $166.47.

iShares U.S. Technology ETF 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).