Simmons Bank Sells 460 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Simmons Bank cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,080 shares of the exchange traded fund’s stock after selling 460 shares during the period. Simmons Bank’s holdings in iShares U.S. Technology ETF were worth $6,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IYW. The Manufacturers Life Insurance Company grew its position in shares of iShares U.S. Technology ETF by 4,550.8% during the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after purchasing an additional 541,550 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at approximately $38,293,000. HighTower Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after buying an additional 128,052 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares U.S. Technology ETF by 3.0% in the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after buying an additional 120,614 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth $15,272,000.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $156.50 on Wednesday. The company has a market cap of $19.66 billion, a P/E ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $167.30. The firm’s fifty day moving average is $161.74 and its two-hundred day moving average is $156.26.

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).