iShares U.S. Technology ETF $IYW is Parker Investment Management LLC’s 2nd Largest Position

Parker Investment Management LLC trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,621 shares of the exchange traded fund’s stock after selling 234,096 shares during the quarter. iShares U.S. Technology ETF accounts for approximately 10.9% of Parker Investment Management LLC’s holdings, making the stock its 2nd largest position. Parker Investment Management LLC owned approximately 0.44% of iShares U.S. Technology ETF worth $91,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IYW. Bell Investment Advisors Inc bought a new position in iShares U.S. Technology ETF in the second quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $27,000. Bogart Wealth LLC lifted its stake in shares of iShares U.S. Technology ETF by 189.3% in the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 106 shares during the period. Bangor Savings Bank purchased a new position in shares of iShares U.S. Technology ETF in the third quarter worth approximately $31,000. Finally, Abound Wealth Management purchased a new position in shares of iShares U.S. Technology ETF in the third quarter worth approximately $34,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.6%

Shares of IYW stock opened at $199.62 on Tuesday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The stock has a market cap of $20.86 billion, a P/E ratio of 34.95 and a beta of 1.23. The company has a 50 day simple moving average of $200.33 and a two-hundred day simple moving average of $194.34.

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.