iShares U.S. Technology ETF $IYW Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 90.3% in the 3rd quarter, Holdings Channel reports. The firm owned 24,228 shares of the exchange traded fund’s stock after selling 224,282 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in iShares U.S. Technology ETF were worth $6,418,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rockland Trust Co. bought a new position in iShares U.S. Technology ETF during the 3rd quarter worth approximately $296,000. Envestnet Asset Management Inc. lifted its holdings in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after acquiring an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF during the second quarter worth approximately $200,579,000. Arlington Capital Management Inc. bought a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth $218,000. Finally, Capital Analysts LLC increased its stake in iShares U.S. Technology ETF by 6.1% in the 2nd quarter. Capital Analysts LLC now owns 5,096 shares of the exchange traded fund’s stock worth $1,285,000 after purchasing an additional 295 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.5%

NYSEARCA:IYW traded up $1.45 during trading hours on Monday, hitting $271.14. 191,220 shares of the stock traded hands, compared to its average volume of 1,085,349. The firm has a market cap of $27.17 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm has a 50 day moving average price of $252.26 and a 200 day moving average price of $235.99. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $272.00.

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.