iShares U.S. Technology ETF (NYSEARCA:IYW) Stock Holdings Lowered by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,389 shares of the exchange traded fund’s stock after selling 159 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $541,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Phillips Financial Management LLC raised its position in shares of iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the period. Brooklyn Investment Group raised its holdings in iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the period. Activest Wealth Management acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $52,000. Legacy Investment Solutions LLC acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $63,000. Finally, PSI Advisors LLC raised its holdings in shares of iShares U.S. Technology ETF by 36.2% during the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 123 shares during the period.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $164.69 on Monday. The company’s 50 day simple moving average is $161.61 and its 200-day simple moving average is $153.68. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $166.83. The firm has a market capitalization of $20.23 billion, a P/E ratio of 38.84 and a beta of 1.43.

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).