Truist Financial Corp Has $16.99 Million Position in iShares U.S. Technology ETF $IYW

Truist Financial Corp reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 85,075 shares of the exchange traded fund’s stock after selling 3,679 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Technology ETF were worth $16,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IYW. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $28,000. Bangor Savings Bank acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $31,000. Hantz Financial Services Inc. acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $31,000. Collier Financial acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $37,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $41,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $232.12 on Thursday. The stock has a market capitalization of $22.83 billion, a P/E ratio of 34.95 and a beta of 1.33. The business has a 50-day moving average of $196.12 and a 200-day moving average of $198.09. iShares U.S. Technology ETF has a fifty-two week low of $144.44 and a fifty-two week high of $232.28.

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). 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.