Hobbs Wealth Management LLC Sells 3,280 Shares of iShares U.S. Technology ETF $IYW

Hobbs Wealth Management LLC trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,638 shares of the exchange traded fund’s stock after selling 3,280 shares during the period. iShares U.S. Technology ETF makes up about 2.8% of Hobbs Wealth Management LLC’s holdings, making the stock its 11th largest holding. Hobbs Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $2,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of iShares U.S. Technology ETF by 16.7% during the 1st quarter. Picton Mahoney Asset Management now owns 700 shares of the exchange traded fund’s stock worth $98,000 after purchasing an additional 100 shares in the last quarter. Geneos Wealth Management Inc. raised its position in iShares U.S. Technology ETF by 130.0% during the first quarter. Geneos Wealth Management Inc. now owns 23,256 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 13,144 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in iShares U.S. Technology ETF by 66.4% in the first quarter. Arkadios Wealth Advisors now owns 21,965 shares of the exchange traded fund’s stock valued at $3,085,000 after acquiring an additional 8,764 shares during the last quarter. NorthRock Partners LLC lifted its stake in iShares U.S. Technology ETF by 1.5% in the 1st quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 83 shares during the last quarter. Finally, RVW Wealth LLC lifted its holdings in iShares U.S. Technology ETF by 2,127.5% during the 1st quarter. RVW Wealth LLC now owns 76,025 shares of the exchange traded fund’s stock valued at $10,677,000 after purchasing an additional 72,612 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $197.26 on Thursday. The company’s 50-day moving average is $198.75 and its 200-day moving average is $182.52. The firm has a market capitalization of $21.26 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98.

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).