Central Pacific Bank Trust Division Reduces Position in iShares U.S. Technology ETF $IYW

Central Pacific Bank Trust Division trimmed its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,244 shares of the exchange traded fund’s stock after selling 4,863 shares during the quarter. iShares U.S. Technology ETF makes up 1.0% of Central Pacific Bank Trust Division’s portfolio, making the stock its 14th biggest holding. Central Pacific Bank Trust Division’s holdings in iShares U.S. Technology ETF were worth $8,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IYW. Principal Financial Group Inc. boosted its position in iShares U.S. Technology ETF by 99.1% during the third quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock worth $21,041,000 after acquiring an additional 53,466 shares during the last quarter. Compound Planning Inc. grew its stake in iShares U.S. Technology ETF by 10.7% in the 3rd quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after acquiring an additional 13,045 shares during the period. Clear Creek Financial Management LLC raised its holdings in iShares U.S. Technology ETF by 32.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock valued at $2,319,000 after acquiring an additional 2,882 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth $1,093,000. Finally, HB Wealth Management LLC lifted its position in iShares U.S. Technology ETF by 48.2% during the third quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock worth $3,274,000 after buying an additional 5,439 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 2.2%

Shares of NYSEARCA:IYW opened at $184.48 on Friday. The stock’s 50-day moving average price is $194.05 and its two-hundred day moving average price is $196.46. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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). 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.