Stanich Group LLC Reduces Stock Position in iShares U.S. Technology ETF $IYW

Stanich Group LLC reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,456 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. iShares U.S. Technology ETF accounts for about 1.2% of Stanich Group LLC’s investment portfolio, making the stock its 11th largest holding. Stanich Group LLC’s holdings in iShares U.S. Technology ETF were worth $1,307,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of iShares U.S. Technology ETF by 9.1% during the 1st quarter. Bank of New York Mellon Corp now owns 376,895 shares of the exchange traded fund’s stock valued at $52,931,000 after buying an additional 31,300 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in shares of 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 lifted its stake in shares of 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 holdings in 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 worth $3,085,000 after acquiring an additional 8,764 shares during the period. Finally, NorthRock Partners LLC increased its holdings in 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 worth $783,000 after acquiring an additional 83 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 0.5%

iShares U.S. Technology ETF stock opened at $197.46 on Friday. The firm’s 50 day simple moving average is $186.11 and its 200 day simple moving average is $166.06. The firm has a market capitalization of $21.27 billion, a PE ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $199.31.

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).