Summit X LLC Has $6.79 Million Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)

Summit X LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 42,584 shares of the exchange traded fund’s stock after selling 3,252 shares during the quarter. iShares U.S. Technology ETF comprises approximately 1.5% of Summit X LLC’s portfolio, making the stock its 17th biggest holding. Summit X LLC’s holdings in iShares U.S. Technology ETF were worth $6,793,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $256,146,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after acquiring an additional 541,550 shares during the period. Dynasty Wealth Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 54.8% during the 4th 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 in the last quarter. Atlas Legacy Advisors LLC acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $38,293,000. Finally, HighTower Advisors LLC lifted its position in iShares U.S. Technology ETF by 55.1% during 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 Down 0.2 %

Shares of iShares U.S. Technology ETF stock opened at $142.16 on Wednesday. The firm’s 50-day moving average price is $159.21 and its two-hundred day moving average price is $156.46. The company has a market capitalization of $17.86 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30.

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).