iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Peak Financial Management Inc.

Peak Financial Management Inc. cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,431 shares of the exchange traded fund’s stock after selling 112 shares during the period. Peak Financial Management Inc.’s holdings in iShares U.S. Technology ETF were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC grew its stake 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 valued at $483,691,000 after purchasing an additional 3,179,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after buying an additional 541,550 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $57,410,000. HighTower Advisors LLC raised its position in iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after buying an additional 128,052 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in iShares U.S. Technology ETF by 3.0% during the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after acquiring an additional 120,614 shares during the period.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $164.69 on Monday. The company’s fifty day moving average price is $161.61 and its 200-day moving average price is $153.68. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.83. The firm has a market capitalization of $20.23 billion, a P/E 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).