Forte Asset Management LLC Trims Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Forte Asset Management LLC cut its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,467 shares of the exchange traded fund’s stock after selling 2,033 shares during the quarter. iShares U.S. Technology ETF comprises about 2.5% of Forte Asset Management LLC’s holdings, making the stock its 16th largest position. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Phillips Financial Management LLC grew its position in iShares U.S. Technology ETF by 1,545.5% during the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Activest Wealth Management bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $52,000. Legacy Investment Solutions LLC bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $63,000. Finally, PSI Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 36.2% in the 4th quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 123 shares during the last quarter.

iShares U.S. Technology ETF Price Performance

IYW opened at $157.13 on Tuesday. The business has a 50 day simple moving average of $161.63 and a two-hundred day simple moving average of $153.69. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $124.32 and a one year high of $166.83.

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).