Monday, July 15, 2024

Carret Asset Management LLC Sells iShares U.S. Technology ETF (NYSEARCA:IYW) Shares

Carret Asset Management LLC Lowers Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Investors are keeping a close eye on technology exchange-traded funds (ETFs) as Carret Asset Management LLC recently disclosed a 0.7% decrease in its holdings of the iShares U.S. Technology ETF (NYSEARCA:IYW). According to the latest 13F filing with the Securities and Exchange Commission (SEC), Carret Asset Management LLC now owns 10,961 shares of the ETF, valued at $1,480,000 after selling 80 shares during the first quarter.

This move by Carret Asset Management LLC is part of a larger trend in the hedge fund industry, with several other firms also making adjustments to their positions in IYW. LVW Advisors LLC, Northwest Capital Management Inc, Lane & Associates LLC, Aveo Capital Partners LLC, and HCR Wealth Advisors have all increased their holdings in the iShares U.S. Technology ETF, showcasing continued interest in the tech sector.

IYW stock opened at $154.71 on Thursday, with a market cap of $19.01 billion, a P/E ratio of 38.84, and a beta of 1.43. The ETF has a 52-week low of $100.84 and a 52-week high of $154.75, highlighting its volatility in the market.

The iShares U.S. Technology ETF, formerly known as the iShares Dow Jones U.S. Technology Sector Index Fund, aims to track the price and yield performance of the Dow Jones U.S. Technology Index. Investors looking for more information on hedge fund holdings and insider trades related to IYW can visit HoldingsChannel.com for the latest 13F filings.

Overall, the changing landscape of technology ETF investments and the continued interest from hedge funds in the iShares U.S. Technology ETF signal a potential shift in market sentiment towards the tech sector. Stay tuned for more updates on the performance of IYW and its impact on the overall market.

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