iShares U.S. Technology ETF $IYW Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 892,561 shares of the exchange traded fund’s stock after selling 65,307 shares during the quarter. Royal Bank of Canada owned 0.91% of iShares U.S. Technology ETF worth $161,929,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IYW. JPMorgan Chase & Co. raised its holdings in iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. Focus Partners Wealth lifted its position in iShares U.S. Technology ETF by 450.1% in the fourth quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares during the period. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF in the 4th quarter valued at approximately $41,199,000. Morgan Stanley boosted its holdings in iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after purchasing an additional 186,297 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in iShares U.S. Technology ETF by 14,772.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock worth $29,662,000 after purchasing an additional 170,036 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 4.2%

Shares of IYW stock opened at $236.96 on Friday. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The stock has a 50 day simple moving average of $245.34 and a 200-day simple moving average of $216.75. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01.

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). 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.