Bartlett & CO. Wealth Management LLC Trims Stock Position in iShares U.S. Technology ETF $IYW

Bartlett & CO. Wealth Management LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,210 shares of the exchange traded fund’s stock after selling 733 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $6,101,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in iShares U.S. Technology ETF by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 376,895 shares of the exchange traded fund’s stock worth $52,931,000 after buying an additional 31,300 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of iShares U.S. Technology ETF by 16.7% during the first 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 lifted its holdings in iShares U.S. Technology ETF by 12.4% in 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 purchasing an additional 15,785 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares U.S. Technology ETF by 66.4% in the 1st quarter. Arkadios Wealth Advisors now owns 21,965 shares of the exchange traded fund’s stock valued at $3,085,000 after purchasing an additional 8,764 shares in the last quarter. Finally, NorthRock Partners LLC lifted its holdings in iShares U.S. Technology ETF by 1.5% in the 1st quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 83 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $195.86 on Wednesday. The firm has a 50 day simple moving average of $185.01 and a 200-day simple moving average of $165.12. The firm has a market cap of $24.49 billion, a PE 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 $197.11.

iShares U.S. Technology ETF 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).