Brookstone Capital Management Sells 20,001 Shares of iShares U.S. Technology ETF $IYW

Brookstone Capital Management reduced its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 55.8% during the third quarter, Holdings Channel.com reports. The fund owned 15,856 shares of the exchange traded fund’s stock after selling 20,001 shares during the quarter. Brookstone Capital Management’s holdings in iShares U.S. Technology ETF were worth $3,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IYW. Laurel Wealth Advisors LLC grew its holdings in shares of iShares U.S. Technology ETF by 18,553.4% during the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after purchasing an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares U.S. Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after buying an additional 401,472 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after buying an additional 27,056 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after buying an additional 542,816 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $202.92 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The firm has a fifty day moving average of $200.61 and a 200 day moving average of $188.83. The firm has a market capitalization of $21.87 billion, a PE ratio of 34.95 and a beta of 1.23.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.