Envestnet Portfolio Solutions Inc. Lowers Stake in iShares U.S. Technology ETF $IYW

Envestnet Portfolio Solutions Inc. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 90.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,555 shares of the exchange traded fund’s stock after selling 700,209 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of iShares U.S. Technology ETF worth $14,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its stake in iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after purchasing an additional 3,699 shares during the last quarter. Fifth Third Bancorp grew its position in shares of iShares U.S. Technology ETF by 6.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,848 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 163 shares during the last quarter. Crown Wealth Group LLC raised its stake in shares of iShares U.S. Technology ETF by 50.5% during the 2nd quarter. Crown Wealth Group LLC now owns 50,231 shares of the exchange traded fund’s stock worth $8,704,000 after acquiring an additional 16,848 shares in the last quarter. Novem Group purchased a new stake in iShares U.S. Technology ETF during the second quarter valued at approximately $222,000. Finally, New Insight Wealth Advisors purchased a new stake in iShares U.S. Technology ETF during the second quarter valued at approximately $388,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Up 0.4%

Shares of IYW opened at $199.72 on Friday. The company has a 50 day moving average of $199.30 and a two-hundred day moving average of $193.03. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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.