Envestnet Asset Management Inc. Cuts Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Envestnet Asset Management Inc. reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,190,956 shares of the exchange traded fund’s stock after selling 544,759 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of iShares U.S. Technology ETF worth $1,625,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Brooklyn Investment Group increased its holdings in shares of iShares U.S. Technology ETF by 84.3% in the 4th 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 last quarter. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $40,000. Avion Wealth purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth $47,000. SRS Capital Advisors Inc. increased its stake in iShares U.S. Technology ETF by 43.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 90 shares during the last quarter. Finally, Atala Financial Inc purchased a new stake in iShares U.S. Technology ETF during the fourth quarter valued at about $52,000.

iShares U.S. Technology ETF Stock Down 6.4 %

Shares of IYW stock opened at $124.50 on Friday. The business has a 50-day moving average price of $152.70 and a two-hundred day moving average price of $156.12. iShares U.S. Technology ETF has a 12-month low of $124.25 and a 12-month high of $167.30. The firm has a market cap of $15.53 billion, a P/E ratio of 31.74 and a beta of 1.22.

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).