Integrated Wealth Concepts LLC Cuts Holdings in iShares U.S. Technology ETF $IYW

Integrated Wealth Concepts LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 26.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,774 shares of the exchange traded fund’s stock after selling 39,747 shares during the quarter. Integrated Wealth Concepts LLC owned 0.10% of iShares U.S. Technology ETF worth $21,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 3,699 shares during the period. Bailard Inc. raised its stake in shares of iShares U.S. Technology ETF by 34.2% in the 2nd quarter. Bailard Inc. now owns 2,356 shares of the exchange traded fund’s stock valued at $408,000 after acquiring an additional 600 shares during the period. Good Life Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $246,000. Empower Advisory Group LLC boosted its position in iShares U.S. Technology ETF by 5.8% during the 2nd quarter. Empower Advisory Group LLC now owns 5,071 shares of the exchange traded fund’s stock worth $879,000 after purchasing an additional 277 shares during the period. Finally, Parker Investment Management LLC boosted its position in iShares U.S. Technology ETF by 126.4% during the 2nd quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock worth $121,413,000 after purchasing an additional 391,273 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.0%

Shares of NYSEARCA IYW opened at $187.24 on Monday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The company has a market cap of $19.59 billion, a P/E ratio of 34.95 and a beta of 1.23. The stock has a fifty day moving average price of $195.34 and a 200 day moving average price of $196.45.

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.