Maltin Wealth Management Inc. Reduces Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Maltin Wealth Management Inc. lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.3% in the 1st quarter, HoldingsChannel reports. The fund owned 9,956 shares of the exchange traded fund’s stock after selling 134 shares during the period. Maltin Wealth Management Inc.’s holdings in iShares U.S. Technology ETF were worth $1,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of iShares U.S. Technology ETF by 23.7% during the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock valued at $815,358,000 after buying an additional 977,883 shares during the period. Bank of America Corp DE boosted its position in shares of iShares U.S. Technology ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 4,297,527 shares of the exchange traded fund’s stock valued at $685,541,000 after buying an additional 26,427 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Technology ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock valued at $545,713,000 after buying an additional 314,689 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $256,146,000. Finally, Wells Fargo & Company MN boosted its position in shares of iShares U.S. Technology ETF by 14.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock valued at $227,116,000 after buying an additional 177,492 shares during the period.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $162.28 on Thursday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $167.30. The business has a 50 day simple moving average of $145.14 and a two-hundred day simple moving average of $153.72. The firm has a market capitalization of $19.93 billion, a PE ratio of 35.28 and a beta of 1.23.

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).