Graypoint LLC Sells 197 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Graypoint LLC trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,958 shares of the exchange traded fund’s stock after selling 197 shares during the period. Graypoint LLC’s holdings in iShares U.S. Technology ETF were worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IYW. Phillips Financial Management LLC boosted its stake in shares of iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Activest Wealth Management bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $52,000. Legacy Investment Solutions LLC purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $63,000. Brown Brothers Harriman & Co. raised its position in shares of iShares U.S. Technology ETF by 81.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 245 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $89,000.

iShares U.S. Technology ETF Stock Performance

IYW stock traded down $3.19 during trading on Friday, reaching $157.85. 1,321,914 shares of the company traded hands, compared to its average volume of 1,061,080. The business has a 50 day simple moving average of $160.84 and a 200 day simple moving average of $153.08. iShares U.S. Technology ETF has a 12 month low of $121.05 and a 12 month high of $166.47. The company has a market capitalization of $19.39 billion, a price-to-earnings 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).