Verus Capital Partners LLC Sells 3,338 Shares of iShares U.S. Technology ETF $IYW

Verus Capital Partners LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 54.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,788 shares of the exchange traded fund’s stock after selling 3,338 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares U.S. Technology ETF were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GKV Capital Management Co. Inc. raised its position in iShares U.S. Technology ETF by 3.2% during the 1st quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock valued at $265,000 after purchasing an additional 46 shares in the last quarter. Lavaca Capital LLC grew its position in shares of iShares U.S. Technology ETF by 1.0% during the 4th quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock worth $1,210,000 after buying an additional 59 shares in the last quarter. Center For Asset Management LLC increased its stake in shares of iShares U.S. Technology ETF by 3.7% during the fourth quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock valued at $333,000 after buying an additional 60 shares during the period. Quadrant Private Wealth Management LLC increased its stake in shares of iShares U.S. Technology ETF by 0.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock valued at $1,703,000 after buying an additional 60 shares during the period. Finally, Americana Partners LLC increased its stake in shares of iShares U.S. Technology ETF by 3.0% during the fourth quarter. Americana Partners LLC now owns 2,111 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 62 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $238.04 on Monday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01. The business has a 50-day moving average price of $245.27 and a 200 day moving average price of $217.00. The company has a market capitalization of $23.58 billion, a P/E ratio of 34.95 and a beta of 1.35.

iShares U.S. Technology ETF Company 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.