Penobscot Wealth Management Sells 130 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Penobscot Wealth Management lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,848 shares of the exchange traded fund’s stock after selling 130 shares during the period. Penobscot Wealth Management’s holdings in iShares U.S. Technology ETF were worth $454,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of iShares U.S. Technology ETF by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 362,009 shares of the exchange traded fund’s stock valued at $57,748,000 after purchasing an additional 12,036 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth $297,000. EverSource Wealth Advisors LLC boosted its position in iShares U.S. Technology ETF by 7.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 48,632 shares of the exchange traded fund’s stock valued at $7,758,000 after buying an additional 3,503 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of iShares U.S. Technology ETF by 36.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,674 shares of the exchange traded fund’s stock valued at $746,000 after buying an additional 1,255 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of iShares U.S. Technology ETF by 207.6% during the fourth quarter. Moors & Cabot Inc. now owns 8,127 shares of the exchange traded fund’s stock valued at $1,296,000 after buying an additional 5,485 shares during the last quarter.

iShares U.S. Technology ETF Trading Up 1.8 %

IYW opened at $144.67 on Thursday. The business’s 50-day moving average price is $158.92 and its 200-day moving average price is $156.38. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $167.30. The company has a market cap of $18.17 billion, a P/E ratio of 35.73 and a beta of 1.14.

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).