Cutter & CO Brokerage Inc. Sells 478 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Cutter & CO Brokerage Inc. reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,439 shares of the exchange traded fund’s stock after selling 478 shares during the period. Cutter & CO Brokerage Inc.’s holdings in iShares U.S. Technology ETF were worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in iShares U.S. Technology ETF by 3.0% in the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after acquiring an additional 120,614 shares during the period. Park Avenue Securities LLC raised its stake in iShares U.S. Technology ETF by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock valued at $148,638,000 after acquiring an additional 18,382 shares during the period. OneDigital Investment Advisors LLC raised its stake in iShares U.S. Technology ETF by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 714,361 shares of the exchange traded fund’s stock valued at $108,311,000 after acquiring an additional 14,758 shares during the period. The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after buying an additional 541,550 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its holdings in iShares U.S. Technology ETF by 1.3% during the 4th quarter. Quotient Wealth Partners LLC now owns 364,362 shares of the exchange traded fund’s stock valued at $58,123,000 after buying an additional 4,773 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 1.7 %

IYW stock opened at $156.50 on Wednesday. The firm has a market capitalization of $19.66 billion, a PE ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30. The stock has a 50-day simple moving average of $161.74 and a two-hundred day simple moving average of $156.26.

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).