Wedbush Securities Inc. Has $1.88 Million Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Wedbush Securities Inc. trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,801 shares of the exchange traded fund’s stock after selling 448 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares U.S. Technology ETF were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Headlands Technologies LLC bought a new position in iShares U.S. Technology ETF in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. increased its stake in shares of iShares U.S. Technology ETF by 43.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 90 shares during the period. Avion Wealth bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $47,000. Finally, Atala Financial Inc acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at $52,000.

iShares U.S. Technology ETF Stock Down 6.4 %

Shares of IYW stock opened at $124.50 on Friday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a 12 month low of $124.25 and a 12 month high of $167.30. The stock has a 50-day moving average price of $152.70 and a 200 day moving average price of $156.19.

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).