iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Sold by Chesapeake Wealth Management

Chesapeake Wealth Management cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,644 shares of the exchange traded fund’s stock after selling 411 shares during the quarter. Chesapeake Wealth Management’s holdings in iShares U.S. Technology ETF were worth $548,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of IYW. Dodds Wealth LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth about $235,000. SeaCrest Wealth Management LLC grew its stake in shares of iShares U.S. Technology ETF by 9.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 6,319 shares of the exchange traded fund’s stock worth $853,000 after purchasing an additional 560 shares during the last quarter. Willner & Heller LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $809,000. D.A. Davidson & CO. lifted its stake in iShares U.S. Technology ETF by 91.0% during the fourth quarter. D.A. Davidson & CO. now owns 12,984 shares of the exchange traded fund’s stock valued at $1,594,000 after purchasing an additional 6,185 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in iShares U.S. Technology ETF during the first quarter worth approximately $274,000.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $149.39 on Friday. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 1 year low of $100.84 and a 1 year high of $158.97. The firm’s 50 day moving average price is $145.10 and its two-hundred day moving average price is $141.44.

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).