Financial Management Professionals Inc. Sells 2,468 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Financial Management Professionals Inc. lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,974 shares of the exchange traded fund’s stock after selling 2,468 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares U.S. Technology ETF were worth $3,643,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Technology ETF by 38.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,523,831 shares of the exchange traded fund’s stock worth $1,291,800,000 after purchasing an additional 2,928,731 shares during the period. UBS Group AG increased its holdings in shares of iShares U.S. Technology ETF by 8.1% during the 4th quarter. UBS Group AG now owns 2,129,589 shares of the exchange traded fund’s stock worth $261,407,000 after purchasing an additional 160,092 shares during the period. FIL Ltd increased its holdings in shares of iShares U.S. Technology ETF by 33.2% during the 4th quarter. FIL Ltd now owns 1,456,287 shares of the exchange traded fund’s stock worth $178,759,000 after purchasing an additional 363,201 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares U.S. Technology ETF by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after purchasing an additional 393,079 shares during the period. Finally, CWM LLC increased its holdings in shares of iShares U.S. Technology ETF by 8.8% during the 1st quarter. CWM LLC now owns 1,173,803 shares of the exchange traded fund’s stock worth $158,534,000 after purchasing an additional 95,066 shares during the period.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $150.50 on Friday. The firm’s 50-day moving average is $140.26 and its 200-day moving average is $133.08. iShares U.S. Technology ETF has a 52-week low of $100.84 and a 52-week high of $154.41. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).