Arkadios Wealth Advisors Increases Position in iShares U.S. Technology ETF $IYW

Arkadios Wealth Advisors boosted its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 28.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,112 shares of the exchange traded fund’s stock after purchasing an additional 6,147 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares U.S. Technology ETF were worth $4,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mayflower Financial Advisors LLC grew its holdings in iShares U.S. Technology ETF by 2.0% in the second quarter. Mayflower Financial Advisors LLC now owns 26,782 shares of the exchange traded fund’s stock worth $4,639,000 after purchasing an additional 518 shares during the period. ELCO Management Co. LLC bought a new position in shares of iShares U.S. Technology ETF in the second quarter worth approximately $277,000. Planning Directions Inc. lifted its stake in shares of iShares U.S. Technology ETF by 4.5% in the second quarter. Planning Directions Inc. now owns 2,355 shares of the exchange traded fund’s stock worth $408,000 after buying an additional 101 shares in the last quarter. May Hill Capital LLC lifted its stake in shares of iShares U.S. Technology ETF by 266.9% in the second quarter. May Hill Capital LLC now owns 12,377 shares of the exchange traded fund’s stock worth $2,145,000 after buying an additional 9,004 shares in the last quarter. Finally, Advisory Alpha LLC lifted its stake in shares of iShares U.S. Technology ETF by 12.8% in the second quarter. Advisory Alpha LLC now owns 9,406 shares of the exchange traded fund’s stock worth $1,630,000 after buying an additional 1,064 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $211.27 on Thursday. The firm’s 50 day moving average price is $192.60 and its 200-day moving average price is $174.21. The company has a market cap of $22.52 billion, a PE ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98.

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).