iShares U.S. Technology ETF $IYW Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 75.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,313,958 shares of the exchange traded fund’s stock after selling 6,984,460 shares during the period. Envestnet Asset Management Inc. owned 2.17% of iShares U.S. Technology ETF worth $453,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYW. AQR Capital Management LLC lifted its position in shares of iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after acquiring an additional 3,699 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in iShares U.S. Technology ETF by 21.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,973 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 1,234 shares in the last quarter. OLD National Bancorp IN acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $590,000. Sax Wealth Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 109.9% during the second quarter. Sax Wealth Advisors LLC now owns 7,625 shares of the exchange traded fund’s stock worth $1,321,000 after buying an additional 3,992 shares in the last quarter. Finally, Financial Life Advisors grew its holdings in shares of iShares U.S. Technology ETF by 4.1% during the second quarter. Financial Life Advisors now owns 55,444 shares of the exchange traded fund’s stock worth $9,607,000 after buying an additional 2,197 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 2.3%

NYSEARCA:IYW opened at $190.39 on Thursday. The company’s 50-day moving average price is $200.18 and its 200-day moving average price is $194.43. The company has a market cap of $19.92 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve 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.