1,313 Shares in iShares U.S. Technology ETF $IYW Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,313 shares of the exchange traded fund’s stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in 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 worth $52,931,000 after purchasing an additional 31,300 shares during the period. Picton Mahoney Asset Management boosted its position 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 worth $98,000 after purchasing an additional 100 shares during the period. Presilium Private Wealth LLC purchased a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $203,000. Arkadios Wealth Advisors boosted its position 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 purchasing an additional 8,764 shares during the period. Finally, Sigma Investment Counselors Inc. purchased a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $224,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $203.09 on Friday. The firm has a 50-day moving average of $190.92 and a two-hundred day moving average of $172.09. The stock has a market cap of $21.66 billion, a P/E 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 $203.85.

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).