iShares U.S. Technology ETF $IYW Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 74.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 224,653 shares of the exchange traded fund’s stock after selling 642,442 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares U.S. Technology ETF were worth $44,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new stake in shares of iShares U.S. Technology ETF during the second quarter valued at $25,000. Harbor Asset Planning Inc. purchased a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $27,000. Bogart Wealth LLC lifted its holdings in 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 valued at $28,000 after purchasing an additional 106 shares in the last quarter. Abound Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $34,000. Finally, Tsfg LLC boosted its stake in shares of iShares U.S. Technology ETF by 35.4% during the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 58 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $202.33 on Wednesday. The firm has a 50 day simple moving average of $200.38 and a 200-day simple moving average of $190.77. The firm has a market cap of $21.29 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year 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). 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.