SVB Wealth LLC Cuts Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

SVB Wealth LLC reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,727 shares of the exchange traded fund’s stock after selling 323 shares during the quarter. SVB Wealth LLC’s holdings in iShares U.S. Technology ETF were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of IYW. Morgan Stanley raised its position in shares of iShares U.S. Technology ETF by 22.7% during the 4th quarter. Morgan Stanley now owns 5,989,447 shares of the exchange traded fund’s stock valued at $446,154,000 after buying an additional 1,109,984 shares in the last quarter. PGIM Custom Harvest LLC lifted its stake in iShares U.S. Technology ETF by 1.9% during the third quarter. PGIM Custom Harvest LLC now owns 4,311,874 shares of the exchange traded fund’s stock worth $452,402,000 after purchasing an additional 81,615 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 43.8% in the 1st quarter. BlackRock Inc. now owns 2,587,110 shares of the exchange traded fund’s stock worth $240,110,000 after purchasing an additional 788,079 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares U.S. Technology ETF by 36.5% during the 1st quarter. JPMorgan Chase & Co. now owns 2,021,674 shares of the exchange traded fund’s stock valued at $187,632,000 after purchasing an additional 540,942 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of iShares U.S. Technology ETF by 11.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,361,643 shares of the exchange traded fund’s stock valued at $148,242,000 after buying an additional 139,378 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $128.41 on Friday. iShares U.S. Technology ETF has a 1-year low of $88.64 and a 1-year high of $137.54. The business has a 50 day moving average of $133.42 and a 200 day moving average of $122.87. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 40.59 and a beta of 1.39.

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).