iShares U.S. Technology ETF $IYW Stock: Cascade Investment Group Inc. Cuts Position

Cascade Investment Group Inc. decreased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 98.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the exchange traded fund’s stock after selling 55,722 shares during the period. Cascade Investment Group Inc.’s holdings in iShares U.S. Technology ETF were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. grew its position in iShares U.S. Technology ETF by 3.2% during the first quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 46 shares during the period. Tactive Advisors LLC increased its holdings in iShares U.S. Technology ETF by 1.2% in the second quarter. Tactive Advisors LLC now owns 5,133 shares of the exchange traded fund’s stock valued at $1,295,000 after buying an additional 60 shares in the last quarter. Catalina Capital Group LLC lifted its position in shares of iShares U.S. Technology ETF by 0.7% during the 1st quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock valued at $1,601,000 after acquiring an additional 63 shares during the period. Mayflower Financial Advisors LLC lifted its position in shares of iShares U.S. Technology ETF by 0.5% during the 1st quarter. Mayflower Financial Advisors LLC now owns 13,140 shares of the exchange traded fund’s stock valued at $2,384,000 after acquiring an additional 65 shares during the period. Finally, Intrua Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 2.0% during the 1st quarter. Intrua Financial LLC now owns 3,365 shares of the exchange traded fund’s stock valued at $610,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.1%

Shares of NYSEARCA:IYW traded down $0.14 during trading on Tuesday, hitting $266.66. 186,859 shares of the stock were exchanged, compared to its average volume of 1,074,688. The company has a fifty day moving average price of $256.38 and a two-hundred day moving average price of $239.47. The company has a market cap of $25.87 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44.

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.