MKT Advisors LLC Trims Holdings in iShares U.S. Technology ETF $IYW

MKT Advisors LLC cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,546 shares of the exchange traded fund’s stock after selling 543 shares during the quarter. MKT Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of iShares U.S. Technology ETF by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 376,895 shares of the exchange traded fund’s stock worth $52,931,000 after purchasing an additional 31,300 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of iShares U.S. Technology ETF by 16.7% during the first quarter. Picton Mahoney Asset Management now owns 700 shares of the exchange traded fund’s stock worth $98,000 after purchasing an additional 100 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares U.S. Technology ETF by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,291 shares of the exchange traded fund’s stock worth $20,124,000 after purchasing an additional 15,785 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of iShares U.S. Technology ETF by 66.4% during the 1st quarter. Arkadios Wealth Advisors now owns 21,965 shares of the exchange traded fund’s stock valued at $3,085,000 after buying an additional 8,764 shares during the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of iShares U.S. Technology ETF by 1.5% during the 1st quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 83 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $193.48 on Friday. The stock has a 50-day simple moving average of $184.02 and a two-hundred day simple moving average of $163.91. The firm has a market capitalization of $24.19 billion, a P/E ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $197.11.

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).