iShares U.S. Technology ETF $IYW Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 892,561 shares of the exchange traded fund’s stock after selling 65,307 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Technology ETF were worth $161,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Monetary Solutions Ltd acquired a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $26,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $28,000. Finally, Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF in the 4th quarter valued at approximately $32,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $236.96 on Friday. The business has a 50 day moving average price of $245.34 and a 200 day moving average price of $216.75. The company has a market capitalization of $23.47 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01.

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.