JB Capital LLC Reduces Holdings in iShares U.S. Technology ETF $IYW

JB Capital LLC decreased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 97.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,885 shares of the exchange traded fund’s stock after selling 222,513 shares during the period. JB Capital LLC’s holdings in iShares U.S. Technology ETF were worth $1,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IYW. Laurel Wealth Advisors LLC boosted its position in iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after acquiring an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares U.S. Technology ETF by 6.5% in the 2nd 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 during the period. Hsbc Holdings PLC lifted its stake in shares of 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 valued at $201,829,000 after purchasing an additional 401,472 shares during the period. Ameriprise Financial Inc. boosted its position 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. Finally, RiverFront Investment Group LLC grew its stake in iShares U.S. Technology ETF by 2.8% in the second quarter. RiverFront Investment Group LLC now owns 861,595 shares of the exchange traded fund’s stock worth $149,289,000 after purchasing an additional 23,387 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.2%

IYW opened at $201.51 on Wednesday. The stock has a fifty day simple moving average of $200.69 and a two-hundred day simple moving average of $189.53. The company has a market cap of $21.72 billion, a price-to-earnings 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.

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.