Keebeck Wealth Management Has $7.09 Million Stock Position in iShares U.S. Technology ETF $IYW

Keebeck Wealth Management lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,071 shares of the exchange traded fund’s stock after selling 3,292 shares during the period. iShares U.S. Technology ETF comprises 0.8% of Keebeck Wealth Management’s holdings, making the stock its 27th largest position. Keebeck Wealth Management’s holdings in iShares U.S. Technology ETF were worth $7,088,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lavaca Capital LLC increased its holdings in shares of iShares U.S. Technology ETF by 1.0% in the fourth quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock worth $1,210,000 after acquiring an additional 59 shares in the last quarter. Tiller Private Wealth Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 3.2% during the 4th quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 60 shares in the last quarter. Center For Asset Management LLC grew its position in shares of iShares U.S. Technology ETF by 3.7% in the 4th quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 60 shares during the period. Quadrant Private Wealth Management LLC increased its stake in iShares U.S. Technology ETF by 0.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock worth $1,703,000 after purchasing an additional 60 shares in the last quarter. Finally, Americana Partners LLC increased its stake in iShares U.S. Technology ETF by 3.0% during the 4th quarter. Americana Partners LLC now owns 2,111 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 1.9%

iShares U.S. Technology ETF stock opened at $238.54 on Friday. The stock has a market capitalization of $23.70 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The company has a 50 day moving average of $245.78 and a 200-day moving average of $215.62.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.