iShares U.S. Technology ETF $IYW Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 29.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,132 shares of the exchange traded fund’s stock after selling 2,158 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in iShares U.S. Technology ETF were worth $1,360,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IYW. Certified Advisory Corp lifted its position in shares of iShares U.S. Technology ETF by 12.4% in the 3rd quarter. Certified Advisory Corp now owns 8,487 shares of the exchange traded fund’s stock valued at $2,248,000 after acquiring an additional 936 shares in the last quarter. CKW Financial Group acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $144,000. Trek Financial LLC boosted its stake in iShares U.S. Technology ETF by 1,075.7% in the 3rd quarter. Trek Financial LLC now owns 32,203 shares of the exchange traded fund’s stock worth $8,531,000 after purchasing an additional 29,464 shares during the period. True Freedom Investing LLC acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $1,876,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $36,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $239.35 on Wednesday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The stock has a market cap of $23.46 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. The firm’s 50 day moving average price is $256.73 and its two-hundred day moving average price is $229.74.

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.