Bank of New York Mellon Corp Sells 21,439 Shares of iShares U.S. Technology ETF $IYW

Bank of New York Mellon Corp lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 355,456 shares of the exchange traded fund’s stock after selling 21,439 shares during the period. Bank of New York Mellon Corp owned 0.28% of iShares U.S. Technology ETF worth $61,590,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Picton Mahoney Asset Management boosted its stake in iShares U.S. Technology ETF by 16.7% in 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 shares of iShares U.S. Technology ETF in the second quarter worth about $203,000. Arkadios Wealth Advisors boosted its position in shares of iShares U.S. Technology ETF by 66.4% in the first quarter. Arkadios Wealth Advisors now owns 21,965 shares of the exchange traded fund’s stock valued at $3,085,000 after acquiring an additional 8,764 shares during the period. Sigma Investment Counselors Inc. bought a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $224,000. Finally, NorthRock Partners LLC grew its stake in 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 acquiring an additional 83 shares in the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Down 0.3%

iShares U.S. Technology ETF stock opened at $199.54 on Monday. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The firm has a market capitalization of $21.51 billion, a PE ratio of 34.95 and a beta of 1.23. The firm’s 50 day simple moving average is $195.80 and its 200 day simple moving average is $178.04.

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).