OneDigital Investment Advisors LLC Trims Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

OneDigital Investment Advisors LLC cut its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 657,463 shares of the exchange traded fund’s stock after selling 56,898 shares during the quarter. iShares U.S. Technology ETF makes up 1.2% of OneDigital Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. OneDigital Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $104,879,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in iShares U.S. Technology ETF by 23.7% in the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock valued at $815,358,000 after buying an additional 977,883 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Technology ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock valued at $545,713,000 after acquiring an additional 314,689 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $256,146,000. Wells Fargo & Company MN boosted its stake in iShares U.S. Technology ETF by 14.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,423,744 shares of the exchange traded fund’s stock worth $227,116,000 after purchasing an additional 177,492 shares during the period. Finally, Dynasty Wealth Management LLC grew its position in iShares U.S. Technology ETF by 54.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock worth $223,972,000 after purchasing an additional 497,043 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $131.33 on Monday. The firm’s fifty day moving average is $145.89 and its two-hundred day moving average is $154.72. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $167.30. The firm has a market cap of $16.45 billion, a PE ratio of 31.02 and a beta of 1.22.

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).