Focus Financial Network Inc. Sells 12,858 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Focus Financial Network Inc. decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,658 shares of the exchange traded fund’s stock after selling 12,858 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares U.S. Technology ETF were worth $6,805,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Phillips Financial Management LLC grew its stake 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 valued at $27,000 after buying an additional 170 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the period. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $52,000. China Universal Asset Management Co. Ltd. lifted its position in shares of iShares U.S. Technology ETF by 37,900.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 379 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $63,000.

iShares U.S. Technology ETF Stock Up 1.4 %

IYW opened at $162.66 on Tuesday. The stock’s 50 day moving average price is $161.96 and its two-hundred day moving average price is $154.40. The firm has a market capitalization of $19.98 billion, a P/E 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).