Endeavor Private Wealth Inc. Sells 8,558 Shares of iShares U.S. Technology ETF $IYW

Endeavor Private Wealth Inc. reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 71.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,498 shares of the exchange traded fund’s stock after selling 8,558 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in iShares U.S. Technology ETF were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYW. UBS Group AG grew its stake in shares of iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after purchasing an additional 72,485 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after purchasing an additional 97,389 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after purchasing an additional 27,056 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of iShares U.S. Technology ETF by 2.3% in the fourth quarter. RiverFront Investment Group LLC now owns 918,400 shares of the exchange traded fund’s stock worth $183,386,000 after purchasing an additional 20,409 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Technology ETF by 15.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 426,451 shares of the exchange traded fund’s stock worth $83,525,000 after purchasing an additional 56,708 shares during the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $241.25 on Monday. The stock has a market capitalization of $23.73 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1 year low of $162.80 and a 1 year high of $261.01. The business’s 50-day moving average is $220.09 and its 200 day moving average is $204.51.

About iShares U.S. Technology ETF

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.