Patten & Patten Inc. TN Sells 200 Shares of iShares U.S. Technology ETF $IYW

Patten & Patten Inc. TN decreased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,805 shares of the exchange traded fund’s stock after selling 200 shares during the period. Patten & Patten Inc. TN’s holdings in iShares U.S. Technology ETF were worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. IFG Advisors LLC bought a new position in iShares U.S. Technology ETF in the 2nd quarter valued at approximately $334,000. Essex LLC lifted its stake in iShares U.S. Technology ETF by 25.5% in the 2nd quarter. Essex LLC now owns 48,987 shares of the exchange traded fund’s stock valued at $8,488,000 after purchasing an additional 9,962 shares during the last quarter. Private Wealth Asset Management LLC bought a new position in iShares U.S. Technology ETF in the 2nd quarter valued at approximately $39,000. Harbour Investments Inc. lifted its stake in iShares U.S. Technology ETF by 4.9% in the 2nd quarter. Harbour Investments Inc. now owns 28,966 shares of the exchange traded fund’s stock valued at $5,019,000 after purchasing an additional 1,353 shares during the last quarter. Finally, JGP Wealth Management LLC bought a new position in iShares U.S. Technology ETF in the 2nd quarter valued at approximately $203,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $196.48 on Friday. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. The firm has a 50 day simple moving average of $189.10 and a 200 day simple moving average of $169.28. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $201.50.

iShares U.S. Technology ETF Company 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).