Kanawha Capital Management LLC Lowers Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Kanawha Capital Management LLC lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.7% in the 4th quarter, Holdings Channel reports. The fund owned 3,251 shares of the exchange traded fund’s stock after selling 161 shares during the period. Kanawha Capital Management LLC’s holdings in iShares U.S. Technology ETF were worth $519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IYW. International Assets Investment Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after acquiring an additional 3,179,355 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of iShares U.S. Technology ETF by 4,550.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after acquiring an additional 541,550 shares during the period. HighTower Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 55.1% in the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after acquiring an additional 128,052 shares during the period. LPL Financial LLC lifted its stake in shares of iShares U.S. Technology ETF by 3.0% in the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after acquiring an additional 120,614 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $15,272,000.

iShares U.S. Technology ETF Stock Up 1.6 %

Shares of NYSEARCA IYW opened at $165.00 on Friday. iShares U.S. Technology ETF has a 52 week low of $124.32 and a 52 week high of $166.83. The firm has a 50-day moving average price of $161.92 and a 200 day moving average price of $154.65. The stock has a market capitalization of $20.27 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).