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

Forte Asset Management LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,043 shares of the exchange traded fund’s stock after selling 2,883 shares during the quarter. iShares U.S. Technology ETF accounts for approximately 2.7% of Forte Asset Management LLC’s holdings, making the stock its 14th largest holding. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $3,933,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Western Wealth Management LLC boosted its position in iShares U.S. Technology ETF by 68.3% during the 4th quarter. Western Wealth Management LLC now owns 13,460 shares of the exchange traded fund’s stock valued at $1,652,000 after purchasing an additional 5,460 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in iShares U.S. Technology ETF by 19.7% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 2,058 shares of the exchange traded fund’s stock worth $253,000 after acquiring an additional 339 shares during the period. Stone House Investment Management LLC boosted its position in iShares U.S. Technology ETF by 18.7% during the 4th quarter. Stone House Investment Management LLC now owns 48,384 shares of the exchange traded fund’s stock worth $5,939,000 after acquiring an additional 7,628 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in iShares U.S. Technology ETF by 4.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58,091 shares of the exchange traded fund’s stock worth $7,133,000 after acquiring an additional 2,536 shares during the period. Finally, Guidance Capital Inc. acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth $264,000.

iShares U.S. Technology ETF Stock Down 1.5 %

IYW stock traded down $1.88 during trading on Friday, reaching $126.53. 534,942 shares of the company’s stock were exchanged, compared to its average volume of 857,936. iShares U.S. Technology ETF has a 1-year low of $88.64 and a 1-year high of $137.54. The company’s fifty day moving average price is $133.42 and its 200-day moving average price is $122.87. The firm has a market cap of $15.44 billion, a PE ratio of 40.59 and a beta of 1.39.

About iShares U.S. Technology ETF

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).