Envestnet Portfolio Solutions Inc. Sells 19,133 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Envestnet Portfolio Solutions Inc. trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,254,978 shares of the exchange traded fund’s stock after selling 19,133 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares U.S. Technology ETF were worth $200,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IYW. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $256,146,000. The Manufacturers Life Insurance Company boosted its position in iShares U.S. Technology ETF by 4,550.8% in 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 during the last quarter. Dynasty Wealth Management LLC grew its stake in iShares U.S. Technology ETF by 54.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock valued at $223,972,000 after purchasing an additional 497,043 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at $38,293,000. Finally, HighTower Advisors LLC raised its stake in shares of iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after purchasing an additional 128,052 shares during the period.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $146.03 on Friday. The company has a market capitalization of $18.22 billion, a P/E ratio of 33.00 and a beta of 1.16. The company’s 50-day moving average is $158.23 and its 200 day moving average is $156.31. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $167.30.

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).