Conservest Capital Advisors Inc. Trims Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Conservest Capital Advisors Inc. cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,420 shares of the exchange traded fund’s stock after selling 667 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in iShares U.S. Technology ETF were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of IYW. Golden State Equity Partners purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at $201,000. Brookstone Capital Management lifted its position in iShares U.S. Technology ETF by 12.0% in the third quarter. Brookstone Capital Management now owns 55,804 shares of the exchange traded fund’s stock valued at $5,967,000 after acquiring an additional 5,981 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at $35,000. Hexagon Capital Partners LLC lifted its position in iShares U.S. Technology ETF by 86.9% in the third quarter. Hexagon Capital Partners LLC now owns 1,607 shares of the exchange traded fund’s stock valued at $169,000 after acquiring an additional 747 shares during the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in iShares U.S. Technology ETF by 1.7% in the third quarter. Joel Isaacson & Co. LLC now owns 14,556 shares of the exchange traded fund’s stock valued at $1,527,000 after acquiring an additional 250 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW traded up $2.75 during trading on Friday, reaching $130.95. The company’s stock had a trading volume of 798,608 shares, compared to its average volume of 901,852. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 40.59 and a beta of 1.39. iShares U.S. Technology ETF has a twelve month low of $90.75 and a twelve month high of $137.54. The business’s fifty day moving average price is $132.87 and its 200-day moving average price is $123.76.

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).