Sutton Place Investors LLC Lowers Holdings in iShares U.S. Technology ETF $IYW

Sutton Place Investors LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,062 shares of the exchange traded fund’s stock after selling 644 shares during the quarter. Sutton Place Investors LLC’s holdings in iShares U.S. Technology ETF were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake 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 worth $52,931,000 after acquiring 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 1st quarter. Picton Mahoney Asset Management now owns 700 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 100 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $20,124,000 after acquiring an additional 15,785 shares in the last quarter. Arkadios Wealth Advisors boosted its stake 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 worth $3,085,000 after acquiring an additional 8,764 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake 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 worth $783,000 after acquiring an additional 83 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 0.5%

IYW stock opened at $197.46 on Friday. The company’s 50-day simple moving average is $186.11 and its 200-day simple moving average is $166.20. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $199.31. The firm has a market cap of $21.27 billion, a P/E ratio of 34.95 and a beta of 1.15.

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).