Drive Wealth Management LLC Has $541,000 Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Drive Wealth Management LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,389 shares of the exchange traded fund’s stock after selling 159 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $541,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Phillips Financial Management LLC increased its stake in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Brooklyn Investment Group increased its position in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Activest Wealth Management acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $52,000. Legacy Investment Solutions LLC acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $63,000. Finally, PSI Advisors LLC increased its holdings in iShares U.S. Technology ETF by 36.2% in the fourth quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after buying an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Stock Down 0.9 %

Shares of IYW opened at $164.69 on Monday. The company’s fifty day moving average is $161.61 and its 200-day moving average is $153.68. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $166.83. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).