Claro Advisors LLC Purchases Shares of 1,349 iShares U.S. Technology ETF $IYW

Claro Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,349 shares of the exchange traded fund’s stock, valued at approximately $234,000.

Several other hedge funds have also modified their holdings of IYW. Bank of New York Mellon Corp raised its position in iShares U.S. Technology ETF by 9.1% in 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 purchasing an additional 31,300 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of iShares U.S. Technology ETF by 7.1% during the first quarter. TD Private Client Wealth LLC now owns 3,066 shares of the exchange traded fund’s stock worth $431,000 after buying an additional 204 shares during the period. Brown Advisory Inc. raised its holdings in iShares U.S. Technology ETF by 54.3% in the first quarter. Brown Advisory Inc. now owns 24,466 shares of the exchange traded fund’s stock valued at $3,436,000 after acquiring an additional 8,605 shares in the last quarter. M&T Bank Corp lifted its stake in iShares U.S. Technology ETF by 0.5% in the first quarter. M&T Bank Corp now owns 38,029 shares of the exchange traded fund’s stock worth $5,341,000 after acquiring an additional 192 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in iShares U.S. Technology ETF by 3.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,048 shares of the exchange traded fund’s stock worth $569,000 after acquiring an additional 146 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 2.0%

Shares of NYSEARCA:IYW opened at $200.10 on Friday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The company’s 50 day moving average is $195.44 and its two-hundred day moving average is $176.92. The company has a market cap of $21.57 billion, a PE ratio of 34.95 and a beta of 1.23.

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).