Cutter & CO Brokerage Inc. Trims Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cutter & CO Brokerage Inc. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,439 shares of the exchange traded fund’s stock after selling 478 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in iShares U.S. Technology ETF were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IYW. Phillips Financial Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Avion Wealth purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $47,000. Kestra Investment Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $53,000. Finally, Activest Wealth Management purchased a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $52,000.

iShares U.S. Technology ETF Trading Down 1.7 %

Shares of NYSEARCA IYW opened at $156.50 on Wednesday. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $167.30. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. The business has a 50-day moving average of $161.74 and a 200-day moving average of $156.26.

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).