Peak Financial Management Inc. Lowers Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Peak Financial Management Inc. decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,431 shares of the exchange traded fund’s stock after selling 112 shares during the period. Peak Financial Management Inc.’s holdings in iShares U.S. Technology ETF were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Petix & Botte Co grew its position in iShares U.S. Technology ETF by 148.2% during the fourth quarter. Petix & Botte Co now owns 4,873 shares of the exchange traded fund’s stock valued at $777,000 after buying an additional 2,910 shares during the period. SWP Financial LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth about $2,496,000. Patton Albertson Miller Group LLC grew its position in shares of iShares U.S. Technology ETF by 26.5% during the 4th quarter. Patton Albertson Miller Group LLC now owns 79,673 shares of the exchange traded fund’s stock valued at $12,709,000 after acquiring an additional 16,666 shares during the period. Nikulski Financial Inc. increased its stake in shares of iShares U.S. Technology ETF by 13.3% in the 4th quarter. Nikulski Financial Inc. now owns 11,094 shares of the exchange traded fund’s stock valued at $1,770,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in iShares U.S. Technology ETF by 1.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,112 shares of the exchange traded fund’s stock worth $1,613,000 after purchasing an additional 119 shares during the period.

iShares U.S. Technology ETF Trading Down 0.9 %

Shares of IYW stock opened at $164.69 on Monday. The company 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 has a 12-month low of $124.32 and a 12-month high of $166.83. The business’s 50 day moving average is $161.61 and its two-hundred day moving average is $153.68.

About iShares U.S. Technology ETF

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).