iShares U.S. Technology ETF $IYW Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 92.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,206 shares of the exchange traded fund’s stock after selling 27,015 shares during the quarter. Baker Avenue Asset Management LP’s holdings in iShares U.S. Technology ETF were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of IYW. Cerity Partners LLC increased its position in shares of iShares U.S. Technology ETF by 1.5% during the second quarter. Cerity Partners LLC now owns 55,348 shares of the exchange traded fund’s stock valued at $9,590,000 after acquiring an additional 813 shares during the last quarter. ESG Planning DBA Harper Investing purchased a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $206,000. Shepherd Financial Partners LLC increased its holdings in iShares U.S. Technology ETF by 2.9% in the 2nd quarter. Shepherd Financial Partners LLC now owns 90,776 shares of the exchange traded fund’s stock valued at $15,729,000 after purchasing an additional 2,536 shares during the last quarter. Cresset Asset Management LLC raised its position in iShares U.S. Technology ETF by 4.8% in the second quarter. Cresset Asset Management LLC now owns 20,634 shares of the exchange traded fund’s stock valued at $3,575,000 after purchasing an additional 942 shares during the period. Finally, Brown Advisory Inc. lifted its stake in iShares U.S. Technology ETF by 1.5% during the second quarter. Brown Advisory Inc. now owns 24,831 shares of the exchange traded fund’s stock worth $4,302,000 after purchasing an additional 365 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 0.1%

IYW opened at $204.28 on Wednesday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The business has a fifty day simple moving average of $199.93 and a 200-day simple moving average of $185.41. The firm has a market cap of $22.02 billion, a P/E ratio of 34.95 and a beta of 1.23.

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).