iShares U.S. Technology ETF $IYW Stake Reduced by Crown Wealth Group LLC

Crown Wealth Group LLC lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 19.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,880 shares of the exchange traded fund’s stock after selling 10,628 shares during the period. iShares U.S. Technology ETF makes up approximately 2.4% of Crown Wealth Group LLC’s holdings, making the stock its 10th biggest position. Crown Wealth Group LLC’s holdings in iShares U.S. Technology ETF were worth $8,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of IYW. Sagespring Wealth Partners LLC lifted its stake in iShares U.S. Technology ETF by 41.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 737,156 shares of the exchange traded fund’s stock valued at $144,379,000 after acquiring an additional 214,654 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in iShares U.S. Technology ETF by 14,772.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after acquiring an additional 170,036 shares during the period. BNP Paribas Financial Markets lifted its stake in iShares U.S. Technology ETF by 11,291.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 144,445 shares of the exchange traded fund’s stock valued at $28,291,000 after acquiring an additional 143,177 shares during the period. Raymond James Financial Inc. lifted its stake in iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares during the period. Finally, UBS Group AG lifted its stake in iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after acquiring an additional 72,485 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW opened at $209.44 on Wednesday. The stock has a market capitalization of $20.33 billion, a P/E ratio of 34.95 and a beta of 1.27. The company’s 50-day simple moving average is $191.25 and its two-hundred day simple moving average is $196.74. iShares U.S. Technology ETF has a 52-week low of $128.93 and a 52-week high of $212.17.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.