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flag Envestnet cuts its stake in the iShares U.S. Technology ETF, while Perennial increases its holdings.

flag Envestnet Asset Management sold shares of the iShares U.S. Technology ETF (IYW), reducing its ownership to about 8.30% of the ETF, valued at $1.63 billion. flag Meanwhile, Perennial Investment Advisors increased its stake in IYW by 44.1%, holding about 0.09% of the ETF, valued at $17.78 million. flag The ETF tracks the Dow Jones U.S. Technology Index, with a market cap of $15.53 billion, a P/E ratio of 31.74, and a beta of 1.22.

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