iShares U.S. Technology ETF $IYW Position Lessened by Washington Trust Bank

Washington Trust Bank decreased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 12.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,495 shares of the exchange traded fund’s stock after selling 498 shares during the period. Washington Trust Bank’s holdings in iShares U.S. Technology ETF were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in IYW. The Manufacturers Life Insurance Company lifted 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 worth $143,521,000 after purchasing an additional 542,816 shares during the last quarter. Liberty Wealth Management LLC raised its holdings in shares of iShares U.S. Technology ETF by 795.5% during the first quarter. Liberty Wealth Management LLC now owns 416,723 shares of the exchange traded fund’s stock valued at $58,525,000 after buying an additional 370,190 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares during the period. PGIM Custom Harvest LLC boosted its position in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after buying an additional 192,008 shares during the period. Finally, Ascent Group LLC boosted its position in shares of iShares U.S. Technology ETF by 251.7% during the first quarter. Ascent Group LLC now owns 158,880 shares of the exchange traded fund’s stock worth $22,313,000 after buying an additional 113,709 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.3%

Shares of NYSEARCA IYW opened at $204.20 on Thursday. The stock has a 50 day simple moving average of $195.13 and a 200-day simple moving average of $176.75. The company has a market cap of $22.01 billion, a PE ratio of 34.95 and a beta of 1.23. 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).