Eq LLC Lowers Stake in iShares U.S. Technology ETF $IYW

Eq LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 26.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,781 shares of the exchange traded fund’s stock after selling 3,945 shares during the quarter. Eq LLC’s holdings in iShares U.S. Technology ETF were worth $2,112,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 2nd quarter worth approximately $27,000. Bangor Savings Bank bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $31,000. Finally, Bogart Wealth LLC lifted its position in iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 0.1%

NYSEARCA IYW opened at $190.54 on Friday. The firm’s fifty day simple moving average is $199.12 and its two-hundred day simple moving average is $195.07. The firm has a market capitalization of $19.94 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-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.