Bank of New York Mellon Corp Raises Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Bank of New York Mellon Corp raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,895 shares of the exchange traded fund’s stock after purchasing an additional 31,300 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.30% of iShares U.S. Technology ETF worth $52,931,000 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. Strategic Blueprint LLC increased its position in iShares U.S. Technology ETF by 2.9% during the 1st quarter. Strategic Blueprint LLC now owns 79,572 shares of the exchange traded fund’s stock valued at $11,175,000 after purchasing an additional 2,273 shares during the period. Silver Oak Securities Incorporated boosted its holdings in shares of iShares U.S. Technology ETF by 27.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 11,637 shares of the exchange traded fund’s stock valued at $1,637,000 after buying an additional 2,496 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 1.8% during the 1st quarter. First Horizon Advisors Inc. now owns 92,067 shares of the exchange traded fund’s stock valued at $12,930,000 after buying an additional 1,599 shares in the last quarter. Mainstream Capital Management LLC boosted its holdings in shares of iShares U.S. Technology ETF by 3.0% during the 1st quarter. Mainstream Capital Management LLC now owns 5,092 shares of the exchange traded fund’s stock valued at $715,000 after buying an additional 147 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 7.3% during the 1st quarter. Physician Wealth Advisors Inc. now owns 49,062 shares of the exchange traded fund’s stock valued at $6,890,000 after buying an additional 3,344 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 0.4%

Shares of IYW stock opened at $175.08 on Friday. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $176.92. The stock has a market cap of $21.91 billion, a PE ratio of 34.95 and a beta of 1.15. The company’s fifty day moving average price is $163.14 and its 200-day moving average price is $155.04.

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).