HB Wealth Management LLC Reduces Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

HB Wealth Management LLC trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 14,806 shares of the exchange traded fund’s stock after selling 76 shares during the period. HB Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $2,362,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Phillips Financial Management LLC boosted its position in iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the period. Activest Wealth Management bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $52,000. Legacy Investment Solutions LLC bought a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $63,000. Finally, PSI Advisors LLC raised its stake in shares of iShares U.S. Technology ETF by 36.2% in the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after buying an additional 123 shares during the period.

iShares U.S. Technology ETF Stock Up 1.6 %

NYSEARCA IYW opened at $161.29 on Monday. The stock’s 50-day moving average price is $161.12 and its 200-day moving average price is $153.41. iShares U.S. Technology ETF has a 52 week low of $123.78 and a 52 week high of $166.47. The company has a market capitalization of $19.81 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).