Park Place Capital Corp Trims Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Park Place Capital Corp lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 39.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 291 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. Park Place Capital Corp’s holdings in iShares U.S. Technology ETF were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $985,000. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $336,000. Ameriprise Financial Inc. raised its stake in iShares U.S. Technology ETF by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 1,004,033 shares of the exchange traded fund’s stock valued at $105,271,000 after purchasing an additional 9,630 shares in the last quarter. Lakeshore Financial Planning Inc. purchased a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $200,000. Finally, Jackson Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the third quarter worth approximately $4,436,000.

iShares U.S. Technology ETF Stock Performance

IYW stock opened at $152.02 on Tuesday. The company has a market capitalization of $18.68 billion, a PE ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $100.84 and a one year high of $154.41. The company’s 50 day moving average price is $140.77 and its two-hundred day moving average price is $133.47.

iShares U.S. Technology ETF 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).