Park Avenue Securities LLC Reduces Stock Position in iShares U.S. Technology ETF $IYW

Park Avenue Securities LLC cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,610 shares of the exchange traded fund’s stock after selling 56,043 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares U.S. Technology ETF were worth $33,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IYW. Tudor Investment Corp ET AL increased its stake in shares of iShares U.S. Technology ETF by 714.4% during the third quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock valued at $4,560,000 after buying an additional 20,425 shares during the period. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $28,000. Vestwell Advisors LLC purchased a new stake in iShares U.S. Technology ETF in the third quarter worth $51,000. Allworth Financial LP lifted its stake in iShares U.S. Technology ETF by 3.3% in the third quarter. Allworth Financial LP now owns 9,923 shares of the exchange traded fund’s stock worth $1,943,000 after acquiring an additional 314 shares during the period. Finally, Stillwater Wealth Management Group bought a new stake in iShares U.S. Technology ETF in the third quarter valued at $1,148,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.0%

Shares of iShares U.S. Technology ETF stock opened at $188.68 on Friday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The company has a market cap of $19.75 billion, a P/E ratio of 34.95 and a beta of 1.23. The company’s fifty day simple moving average is $194.40 and its two-hundred day simple moving average is $196.45.

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.