Ceera Investments LLC Cuts Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Ceera Investments LLC lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 11.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,395 shares of the exchange traded fund’s stock after selling 300 shares during the period. Ceera Investments LLC’s holdings in iShares U.S. Technology ETF were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth $256,146,000. The Manufacturers Life Insurance Company grew its stake in iShares U.S. Technology ETF by 4,550.8% in the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after purchasing an additional 541,550 shares during the period. Dynasty Wealth Management LLC grew its stake in iShares U.S. Technology ETF by 54.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock worth $223,972,000 after purchasing an additional 497,043 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth $38,293,000. Finally, HighTower Advisors LLC grew its stake in iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after purchasing an additional 128,052 shares during the period.

iShares U.S. Technology ETF Stock Up 1.1 %

Shares of IYW stock opened at $149.09 on Friday. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. The business’s fifty day moving average is $159.93 and its 200 day moving average is $156.50. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $167.30.

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).