Raleigh Capital Management Inc. Sells 219 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Raleigh Capital Management Inc. reduced its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 4,319 shares of the exchange traded fund’s stock after selling 219 shares during the quarter. Raleigh Capital Management Inc.’s holdings in iShares U.S. Technology ETF were worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Phillips Financial Management LLC grew its holdings in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares during the period. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $52,000. Legacy Investment Solutions LLC acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $63,000. Finally, PSI Advisors LLC raised its holdings in iShares U.S. Technology ETF by 36.2% during the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after buying an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Trading Up 2.1 %

IYW opened at $165.86 on Thursday. The company’s fifty day moving average price is $161.29 and its two-hundred day moving average price is $153.59. iShares U.S. Technology ETF has a 1-year low of $124.32 and a 1-year high of $166.47. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

iShares U.S. Technology ETF Company 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).