Goldman Sachs Group Inc. Cuts Stake in iShares U.S. Technology ETF $IYW

Goldman Sachs Group Inc. reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 588,276 shares of the exchange traded fund’s stock after selling 16,921 shares during the period. Goldman Sachs Group Inc.’s holdings in iShares U.S. Technology ETF were worth $117,467,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. UBS Group AG grew its stake in shares of iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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 valued at $276,993,000 after purchasing an additional 97,389 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after purchasing an additional 27,056 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in iShares U.S. Technology ETF by 2.3% in the fourth quarter. RiverFront Investment Group LLC now owns 918,400 shares of the exchange traded fund’s stock valued at $183,386,000 after acquiring an additional 20,409 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares U.S. Technology ETF by 15.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 426,451 shares of the exchange traded fund’s stock valued at $83,525,000 after acquiring an additional 56,708 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 1.6%

NYSEARCA IYW opened at $245.13 on Tuesday. The stock’s 50-day moving average price is $221.39 and its 200-day moving average price is $204.87. iShares U.S. Technology ETF has a 52 week low of $162.80 and a 52 week high of $261.01. The company has a market capitalization of $24.11 billion, a P/E ratio of 34.95 and a beta of 1.36.

iShares U.S. Technology ETF Company 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.