Sutton Place Investors LLC Decreases Stake in iShares U.S. Technology ETF $IYW

Sutton Place Investors LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 60.4% in the third quarter, Holdings Channel reports. The firm owned 2,400 shares of the exchange traded fund’s stock after selling 3,662 shares during the period. Sutton Place Investors LLC’s holdings in iShares U.S. Technology ETF were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Well Done LLC acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $450,000. Ashton Thomas Securities LLC acquired a new position in shares of iShares U.S. Technology ETF in the third quarter valued at about $1,093,000. Dagco Inc. raised its stake in shares of iShares U.S. Technology ETF by 6.8% in the third quarter. Dagco Inc. now owns 5,350 shares of the exchange traded fund’s stock worth $1,048,000 after purchasing an additional 341 shares during the last quarter. Retirement Planning Group LLC purchased a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $758,000. Finally, One Day In July LLC acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth about $224,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.3%

Shares of NYSEARCA IYW opened at $199.26 on Thursday. The company has a 50 day simple moving average of $199.67 and a two-hundred day simple moving average of $191.96. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98.

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.