Moors & Cabot Inc. Has $401,000 Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Moors & Cabot Inc. cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 60.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,642 shares of the exchange traded fund’s stock after selling 4,035 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares U.S. Technology ETF were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in iShares U.S. Technology ETF by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 11,813,520 shares of the exchange traded fund’s stock valued at $1,777,935,000 after buying an additional 371,517 shares in the last quarter. International Assets Investment Management LLC grew its position in iShares U.S. Technology ETF by 29,435.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after acquiring an additional 3,179,355 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in iShares U.S. Technology ETF by 2.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,390,175 shares of the exchange traded fund’s stock valued at $209,221,000 after purchasing an additional 30,147 shares during the last quarter. Park Avenue Securities LLC raised its position in iShares U.S. Technology ETF by 1.3% in the 2nd quarter. Park Avenue Securities LLC now owns 1,068,282 shares of the exchange traded fund’s stock valued at $160,776,000 after purchasing an additional 13,629 shares during the last quarter. Finally, Parker Investment Management LLC boosted its stake in iShares U.S. Technology ETF by 44.6% in the second quarter. Parker Investment Management LLC now owns 1,067,765 shares of the exchange traded fund’s stock worth $160,699,000 after purchasing an additional 329,161 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $159.05 on Friday. The business has a fifty day moving average of $154.05 and a 200-day moving average of $148.46. iShares U.S. Technology ETF has a twelve month low of $114.84 and a twelve month high of $161.49. The firm has a market cap of $19.54 billion, a PE ratio of 38.84 and a beta of 1.43.

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).