Brookstone Capital Management Has $1.82 Million Stake in iShares U.S. Technology ETF $IYW

Brookstone Capital Management reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 34.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,044 shares of the exchange traded fund’s stock after selling 5,189 shares during the quarter. Brookstone Capital Management’s holdings in iShares U.S. Technology ETF were worth $1,822,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CWA Asset Management Group LLC lifted its position in iShares U.S. Technology ETF by 0.7% during the fourth quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock worth $1,389,000 after acquiring an additional 50 shares during the last quarter. Lavaca Capital LLC grew its position in shares of iShares U.S. Technology ETF by 1.0% in the fourth quarter. Lavaca Capital LLC now owns 6,059 shares of the exchange traded fund’s stock valued at $1,210,000 after purchasing an additional 59 shares during the last quarter. Tiller Private Wealth Inc. increased its stake in shares of iShares U.S. Technology ETF by 3.2% during the fourth quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 60 shares during the period. Center For Asset Management LLC increased its stake in shares of iShares U.S. Technology ETF by 3.7% during the fourth quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 60 shares during the period. Finally, Quadrant Private Wealth Management LLC lifted its holdings in iShares U.S. Technology ETF by 0.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,531 shares of the exchange traded fund’s stock worth $1,703,000 after purchasing an additional 60 shares during the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 0.7%

NYSEARCA:IYW opened at $243.99 on Friday. The stock has a 50 day simple moving average of $236.63 and a 200 day simple moving average of $209.38. The stock has a market cap of $24.00 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1-year low of $170.17 and a 1-year high of $261.01.

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). 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.