US Bancorp DE lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,453 shares of the exchange traded fund’s stock after selling 8,185 shares during the period. US Bancorp DE’s holdings in iShares U.S. Technology ETF were worth $17,925,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hoey Investments Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 1st quarter worth approximately $27,000. Trust Co. of Vermont purchased a new stake in iShares U.S. Technology ETF during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC grew its position in iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF during the 1st quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. purchased a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Down 3.9%
NYSEARCA:IYW opened at $192.80 on Friday. The company has a market cap of $20.47 billion, a PE ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $201.50. The company’s 50 day moving average is $187.90 and its two-hundred day moving average is $167.81.
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).
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