Accurate Wealth Management LLC Trims Position in iShares U.S. Technology ETF $IYW

Accurate Wealth Management LLC trimmed its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,257 shares of the exchange traded fund’s stock after selling 62 shares during the period. Accurate Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after purchasing an additional 224,438 shares during the last quarter. PGIM Custom Harvest LLC raised its position in iShares U.S. Technology ETF by 4.4% during the 1st quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after buying an additional 192,008 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after buying an additional 542,816 shares during the last quarter. Park Avenue Securities LLC raised its position in iShares U.S. Technology ETF by 3.7% during the 1st quarter. Park Avenue Securities LLC now owns 966,309 shares of the exchange traded fund’s stock worth $135,708,000 after buying an additional 34,529 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in iShares U.S. Technology ETF by 8.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 945,244 shares of the exchange traded fund’s stock worth $132,750,000 after buying an additional 72,139 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 0.1%

NYSEARCA IYW opened at $193.48 on Friday. The stock has a market capitalization of $24.19 billion, a P/E ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $197.11. The firm has a 50-day moving average price of $184.02 and a 200 day moving average price of $163.91.

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).