Arkadios Wealth Advisors Sells 5,644 Shares of iShares U.S. Technology ETF $IYW

Arkadios Wealth Advisors decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 21.2% during the first quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Monetary Solutions Ltd purchased a new stake in iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Sankala Group LLC purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth $26,000. Miller Capital Partners Inc. purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth $28,000. Triumph Capital Management bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $28,000. Finally, Citizens National Bank Trust Department bought a new stake in shares of iShares U.S. Technology ETF during the 1st quarter valued at $31,000. 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 firm 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 one year low of $172.54 and a one year high of $261.01. The business has a fifty day moving average price of $245.27 and a 200-day moving average price of $216.90.

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). 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.