Sharkey Howes & Javer Sells 50,759 Shares of iShares U.S. Technology ETF $IYW

Sharkey Howes & Javer trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 85.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,570 shares of the exchange traded fund’s stock after selling 50,759 shares during the period. Sharkey Howes & Javer’s holdings in iShares U.S. Technology ETF were worth $1,678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC raised its position in shares of iShares U.S. Technology ETF by 18,553.4% in the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. grew its position in iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares in the last quarter. Hsbc Holdings PLC increased its stake in iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after acquiring an additional 401,472 shares during the last quarter. Ameriprise Financial Inc. increased its stake in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of iShares U.S. Technology ETF by 113.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after acquiring an additional 542,816 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 1.9%

Shares of IYW opened at $199.75 on Friday. The company has a market cap of $21.53 billion, a PE ratio of 34.95 and a beta of 1.23. The stock has a 50-day moving average price of $200.03 and a 200-day moving average price of $187.47. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.