iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,735 shares of the exchange traded fund’s stock after selling 3,809 shares during the period. Verus Capital Partners LLC’s holdings in iShares U.S. Technology ETF were worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Phillips Financial Management LLC increased its position in shares of iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 170 shares during the period. Brooklyn Investment Group grew its stake in iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Avion Wealth purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at about $47,000. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF in the third quarter valued at about $52,000. Finally, Kestra Investment Management LLC purchased a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth about $53,000.

iShares U.S. Technology ETF Stock Down 3.6 %

iShares U.S. Technology ETF stock opened at $152.18 on Friday. The stock has a 50-day moving average price of $161.56 and a 200 day moving average price of $156.24. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week high of $167.30.

iShares U.S. Technology ETF Company 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).