Stanich Group LLC Reduces Stake in iShares U.S. Technology ETF $IYW

Stanich Group LLC trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,456 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. iShares U.S. Technology ETF makes up 1.2% of Stanich Group LLC’s holdings, making the stock its 11th biggest position. Stanich Group LLC’s holdings in iShares U.S. Technology ETF were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signature Wealth Management Partners LLC boosted its stake in iShares U.S. Technology ETF by 0.8% in the second quarter. Signature Wealth Management Partners LLC now owns 65,048 shares of the exchange traded fund’s stock valued at $11,271,000 after acquiring an additional 496 shares during the last quarter. Apexium Financial LP boosted its stake in iShares U.S. Technology ETF by 0.8% in the second quarter. Apexium Financial LP now owns 202,438 shares of the exchange traded fund’s stock valued at $35,076,000 after acquiring an additional 1,509 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $1,025,000. Triad Wealth Partners LLC boosted its stake in iShares U.S. Technology ETF by 12.9% in the second quarter. Triad Wealth Partners LLC now owns 36,141 shares of the exchange traded fund’s stock valued at $6,262,000 after acquiring an additional 4,117 shares during the last quarter. Finally, FSA Wealth Partners Inc. purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $880,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 0.5%

IYW opened at $197.46 on Friday. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $199.31. The company’s 50-day moving average price is $186.11 and its two-hundred day moving average price is $166.06.

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).