Biondo Investment Advisors LLC Has $518,000 Stock Position in iShares U.S. Technology ETF $IYW

Biondo Investment Advisors LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.9% in the 1st quarter, Holdings Channel reports. The firm owned 3,685 shares of the exchange traded fund’s stock after selling 315 shares during the period. Biondo Investment Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IYW. Hoey Investments Inc. acquired a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $27,000. Trust Co. of Vermont acquired a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $30,000. Park Square Financial Group LLC raised its position in iShares U.S. Technology ETF by 588.2% during the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $33,000. Finally, Tidemark LLC raised its position in iShares U.S. Technology ETF by 56.0% during the first quarter. Tidemark LLC now owns 301 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 108 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $181.41 on Friday. The company has a fifty day moving average of $176.74 and a 200-day moving average of $159.15. The company has a market capitalization of $22.69 billion, a PE ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $186.63.

iShares U.S. Technology ETF Company 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).