Arkadios Wealth Advisors lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,954 shares of the exchange traded fund’s stock after selling 5,644 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $3,802,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Morgan Stanley lifted its position in iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after purchasing an additional 186,297 shares during the period. JPMorgan Chase & Co. grew its position in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares during the period. UBS Group AG raised its stake in iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after buying an additional 72,485 shares during the last quarter. Raymond James Financial Inc. raised its stake in iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after buying an additional 27,056 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors.
iShares U.S. Technology ETF Price Performance
NYSEARCA IYW opened at $238.04 on Friday. The stock has a market capitalization of $23.58 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01. The business’s fifty day moving average price is $245.27 and its 200-day moving average price is $216.90.
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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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