Essex Financial Services Inc. Sells 541 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Essex Financial Services Inc. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,649 shares of the exchange traded fund’s stock after selling 541 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares U.S. Technology ETF were worth $1,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IYW. Envestnet Asset Management Inc. raised its position in iShares U.S. Technology ETF by 38.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock valued at $1,291,800,000 after purchasing an additional 2,928,731 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in iShares U.S. Technology ETF in the 1st quarter valued at $119,223,000. Janney Montgomery Scott LLC bought a new position in iShares U.S. Technology ETF in the 4th quarter valued at $81,091,000. Cetera Investment Advisers raised its position in iShares U.S. Technology ETF by 131.6% in the 1st quarter. Cetera Investment Advisers now owns 743,002 shares of the exchange traded fund’s stock valued at $100,350,000 after purchasing an additional 422,212 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares U.S. Technology ETF by 45.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock valued at $154,390,000 after purchasing an additional 393,079 shares during the last quarter.

iShares U.S. Technology ETF Stock Up 1.1 %

IYW traded up $1.65 during trading on Friday, hitting $147.76. The company’s stock had a trading volume of 401,819 shares, compared to its average volume of 889,643. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12 month low of $100.84 and a 12 month high of $158.97. The firm’s 50 day moving average price is $147.91 and its two-hundred day moving average price is $140.24.

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).