BridgePort Financial Solutions LLC Cuts Stake in iShares U.S. Technology ETF $IYW

BridgePort Financial Solutions LLC trimmed its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,384 shares of the exchange traded fund’s stock after selling 1,317 shares during the quarter. iShares U.S. Technology ETF comprises about 1.1% of BridgePort Financial Solutions LLC’s holdings, making the stock its 26th biggest holding. BridgePort Financial Solutions LLC’s holdings in iShares U.S. Technology ETF were worth $3,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $52,931,000 after acquiring an additional 31,300 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of 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 valued at $98,000 after acquiring an additional 100 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares U.S. Technology ETF by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,291 shares of the exchange traded fund’s stock valued at $20,124,000 after acquiring an additional 15,785 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of 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 valued at $3,085,000 after acquiring an additional 8,764 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of iShares U.S. Technology ETF by 1.5% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 0.5%

Shares of NYSEARCA IYW opened at $197.46 on Friday. The firm’s 50-day moving average price is $186.11 and its 200-day moving average price is $166.20. The company has a market cap of $21.27 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 $199.31.

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).