SWP Financial LLC Reduces Stock Position in iShares U.S. Technology ETF $IYW

SWP Financial LLC trimmed its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 20.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,046 shares of the exchange traded fund’s stock after selling 3,691 shares during the period. iShares U.S. Technology ETF makes up 1.3% of SWP Financial LLC’s investment portfolio, making the stock its 24th biggest holding. SWP Financial LLC’s holdings in iShares U.S. Technology ETF were worth $2,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of iShares U.S. Technology ETF by 9.1% in 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 acquiring an additional 31,300 shares during the period. Picton Mahoney Asset Management grew its holdings in iShares U.S. Technology ETF by 16.7% during the 1st quarter. Picton Mahoney Asset Management now owns 700 shares of the exchange traded fund’s stock valued at $98,000 after buying an additional 100 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in iShares U.S. Technology ETF by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,291 shares of the exchange traded fund’s stock valued at $20,124,000 after buying an additional 15,785 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of iShares U.S. Technology ETF by 66.4% during the first 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 period. Finally, NorthRock Partners LLC increased its position in shares of iShares U.S. Technology ETF by 1.5% during the first 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 period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.5%

IYW stock opened at $195.86 on Wednesday. The firm has a 50 day moving average of $185.01 and a 200-day moving average of $165.12. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $197.11. The firm has a market capitalization of $24.49 billion, a P/E ratio of 34.95 and a beta of 1.15.

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).