Quadrant Private Wealth Management LLC Trims Stake in iShares U.S. Technology ETF $IYW

Quadrant Private Wealth Management LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 61.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,471 shares of the exchange traded fund’s stock after selling 13,525 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $1,659,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 18,553.4% during the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 6.5% during 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 buying an additional 97,389 shares in the last quarter. Hsbc Holdings PLC grew its position 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 worth $201,829,000 after buying an additional 401,472 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in iShares U.S. Technology ETF by 6.1% during the 3rd quarter. Dynasty Wealth Management LLC now owns 1,114,634 shares of the exchange traded fund’s stock valued at $218,312,000 after acquiring an additional 64,136 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $198.93 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The firm’s 50-day simple moving average is $199.29 and its two-hundred day simple moving average is $192.86. The stock has a market cap of $20.81 billion, a PE ratio of 34.95 and a beta of 1.23.

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). 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.