Balboa Wealth Partners Sells 14,801 Shares of iShares U.S. Technology ETF $IYW

Balboa Wealth Partners lessened its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 92.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,293 shares of the exchange traded fund’s stock after selling 14,801 shares during the quarter. Balboa Wealth Partners’ holdings in iShares U.S. Technology ETF were worth $235,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Westmount Partners LLC acquired a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $822,000. Hsbc Holdings PLC increased its holdings in iShares U.S. Technology ETF by 3.4% during the fourth quarter. Hsbc Holdings PLC now owns 886,487 shares of the exchange traded fund’s stock worth $177,014,000 after buying an additional 29,367 shares during the last quarter. Lane Brothers & Co. Inc. acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth $1,012,000. World Investment Advisors raised its position in iShares U.S. Technology ETF by 84.3% during the fourth quarter. World Investment Advisors now owns 14,127 shares of the exchange traded fund’s stock worth $2,821,000 after acquiring an additional 6,461 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in iShares U.S. Technology ETF during the fourth quarter worth $40,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $243.37 on Wednesday. The firm’s 50-day moving average is $234.90 and its 200-day moving average is $208.80. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 52-week low of $167.31 and a 52-week 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.