Parker Investment Management LLC Has $49.99 Million Holdings in iShares U.S. Technology ETF $IYW

Parker Investment Management LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 250,330 shares of the exchange traded fund’s stock after selling 216,291 shares during the quarter. iShares U.S. Technology ETF accounts for about 7.1% of Parker Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. Parker Investment Management LLC owned 0.24% of iShares U.S. Technology ETF worth $49,986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of 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 worth $1,414,000 after acquiring an additional 3,699 shares during the period. Russell Investments Group Ltd. grew its stake in shares of iShares U.S. Technology ETF by 9.8% in the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 98 shares during the period. First Trust Advisors LP bought a new stake in shares of iShares U.S. Technology ETF in the second quarter worth approximately $222,000. Main Street Financial Solutions LLC grew its stake in shares of iShares U.S. Technology ETF by 95.7% in the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 1,394 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after acquiring an additional 166 shares during the period. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $244.83 on Monday. The firm has a 50 day moving average of $226.37 and a 200 day moving average of $206.25. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12-month low of $162.80 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.