JPMorgan Chase & Co. Cuts Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

JPMorgan Chase & Co. trimmed its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,106,276 shares of the exchange traded fund’s stock after selling 205,520 shares during the quarter. JPMorgan Chase & Co. owned 2.53% of iShares U.S. Technology ETF worth $470,974,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lantz Financial LLC raised its holdings in shares of iShares U.S. Technology ETF by 4.1% in the 2nd quarter. Lantz Financial LLC now owns 14,614 shares of the exchange traded fund’s stock worth $2,199,000 after purchasing an additional 581 shares during the period. Bank of New York Mellon Corp lifted its position in shares of iShares U.S. Technology ETF by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 358,761 shares of the exchange traded fund’s stock valued at $53,994,000 after buying an additional 23,228 shares during the last quarter. Signaturefd LLC grew its stake in shares of iShares U.S. Technology ETF by 16.5% during the 2nd quarter. Signaturefd LLC now owns 1,043 shares of the exchange traded fund’s stock worth $157,000 after acquiring an additional 148 shares during the period. Rothschild Investment LLC bought a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth $156,000. Finally, Farther Finance Advisors LLC increased its holdings in iShares U.S. Technology ETF by 28.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 96,701 shares of the exchange traded fund’s stock worth $14,700,000 after acquiring an additional 21,466 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 1.5 %

NYSEARCA IYW opened at $162.96 on Friday. The firm has a market cap of $20.02 billion, a P/E ratio of 38.84 and a beta of 1.43. The company’s 50 day moving average is $159.76 and its 200-day moving average is $152.44. iShares U.S. Technology ETF has a 12-month low of $117.19 and a 12-month high of $166.47.

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).