Counterweight Ventures LLC Sells 6,319 Shares of iShares U.S. Technology ETF $IYW

Counterweight Ventures LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,074 shares of the exchange traded fund’s stock after selling 6,319 shares during the period. iShares U.S. Technology ETF comprises approximately 2.0% of Counterweight Ventures LLC’s holdings, making the stock its 16th largest position. Counterweight Ventures LLC’s holdings in iShares U.S. Technology ETF were worth $3,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYW. Morgan Stanley grew its holdings in shares of iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after acquiring an additional 186,297 shares during the period. JPMorgan Chase & Co. increased its position in iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the last quarter. UBS Group AG lifted its holdings in iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after acquiring an additional 72,485 shares during the period. Raymond James Financial Inc. lifted its holdings in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the period. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $243.48 on Friday. The stock’s 50-day simple moving average is $240.99 and its two-hundred day simple moving average is $211.12. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $261.01.

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.