Parker Investment Management LLC Lowers Stake in iShares U.S. Technology ETF $IYW

Parker Investment Management LLC decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,533 shares of the exchange traded fund’s stock after selling 45,797 shares during the period. iShares U.S. Technology ETF comprises approximately 5.6% of Parker Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Parker Investment Management LLC owned 0.21% of iShares U.S. Technology ETF worth $37,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IYW. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares during the period. Focus Partners Wealth increased its holdings in iShares U.S. Technology ETF by 450.1% in the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock worth $62,373,000 after acquiring an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF in the 4th quarter worth about $41,199,000. Morgan Stanley raised its stake in iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after acquiring an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in iShares U.S. Technology ETF by 14,772.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after purchasing an additional 170,036 shares during the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Down 0.5%

NYSEARCA IYW opened at $243.28 on Thursday. The company has a market cap of $24.46 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01. The firm’s 50-day simple moving average is $245.87 and its two-hundred day simple moving average is $215.35.

iShares U.S. Technology ETF 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.