iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC trimmed its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,685 shares of the exchange traded fund’s stock after selling 457 shares during the period. Cornerstone Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $747,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC raised its holdings in iShares U.S. Technology ETF by 11.0% in the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after acquiring an additional 6,225 shares in the last quarter. Natixis Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 28.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock worth $2,447,000 after purchasing an additional 3,539 shares during the last quarter. Ascent Group LLC raised its stake in shares of iShares U.S. Technology ETF by 22.7% in the 2nd quarter. Ascent Group LLC now owns 43,612 shares of the exchange traded fund’s stock valued at $6,564,000 after purchasing an additional 8,077 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 73 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in iShares U.S. Technology ETF by 81.7% in the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 245 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 0.9 %

Shares of NYSEARCA IYW opened at $164.69 on Friday. The stock’s 50 day moving average price is $161.61 and its two-hundred day moving average price is $153.71. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $166.83. The stock has a market capitalization of $20.23 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).