Commerce Bank Lowers Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Commerce Bank cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,496 shares of the exchange traded fund’s stock after selling 2,610 shares during the quarter. Commerce Bank’s holdings in iShares U.S. Technology ETF were worth $27,357,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $40,000. SRS Capital Advisors Inc. increased its holdings in shares of iShares U.S. Technology ETF by 43.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 90 shares in the last quarter. Avion Wealth bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at $47,000. Finally, Atala Financial Inc purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth about $52,000.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $131.33 on Friday. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 31.74 and a beta of 1.22. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $167.30. The company’s 50-day moving average is $145.89 and its 200 day moving average is $154.64.

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).