Spire Wealth Management Sells 3,847 Shares of iShares U.S. Technology ETF $IYW

Spire Wealth Management cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.5% in the fourth quarter, Holdings Channel reports. The firm owned 47,194 shares of the exchange traded fund’s stock after selling 3,847 shares during the quarter. Spire Wealth Management’s holdings in iShares U.S. Technology ETF were worth $9,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in iShares U.S. Technology ETF in the third quarter valued at about $28,000. Bangor Savings Bank bought a new position in iShares U.S. Technology ETF during the third quarter worth about $31,000. Hantz Financial Services Inc. acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $31,000. Abound Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $34,000. Finally, Collier Financial bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $37,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $176.09 on Friday. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The firm’s 50 day simple moving average is $192.26 and its 200 day simple moving average is $196.56. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98.

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). 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.