Wedbush Securities Inc. Trims Stock Position in iShares U.S. Technology ETF $IYW

Wedbush Securities Inc. cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 34.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,647 shares of the exchange traded fund’s stock after selling 4,019 shares during the period. Wedbush Securities Inc.’s holdings in iShares U.S. Technology ETF were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Beacon Bridge Wealth Partners LLC boosted its position in iShares U.S. Technology ETF by 0.9% in the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 31,557 shares of the exchange traded fund’s stock worth $6,181,000 after purchasing an additional 278 shares in the last quarter. Caprock Group LLC purchased a new stake in iShares U.S. Technology ETF during the third quarter worth $3,251,000. Stratos Investment Management LLC boosted its holdings in iShares U.S. Technology ETF by 43.0% during the third quarter. Stratos Investment Management LLC now owns 5,906 shares of the exchange traded fund’s stock worth $1,157,000 after buying an additional 1,776 shares in the last quarter. Opinicus Capital Inc. purchased a new position in iShares U.S. Technology ETF in the third quarter valued at $203,000. Finally, Midwest Trust Co raised its position in shares of iShares U.S. Technology ETF by 0.7% in the third quarter. Midwest Trust Co now owns 19,456 shares of the exchange traded fund’s stock worth $3,811,000 after acquiring an additional 141 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 0.1%

IYW stock opened at $190.54 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The company’s 50-day simple moving average is $199.12 and its 200-day simple moving average is $194.97. The firm has a market cap of $19.94 billion, a P/E ratio of 34.95 and a beta of 1.23.

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.