Sagespring Wealth Partners LLC Lowers Holdings in iShares U.S. Technology ETF $IYW

Sagespring Wealth Partners LLC reduced its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,258 shares of the exchange traded fund’s stock after selling 34,898 shares during the quarter. iShares U.S. Technology ETF comprises approximately 1.1% of Sagespring Wealth Partners LLC’s holdings, making the stock its 16th largest position. Sagespring Wealth Partners LLC owned about 0.67% of iShares U.S. Technology ETF worth $140,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Human Investing LLC lifted its holdings in shares of iShares U.S. Technology ETF by 2.7% in the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 49 shares in the last quarter. Howard Capital Management Inc. grew its stake in iShares U.S. Technology ETF by 1.0% during the third quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock valued at $1,058,000 after acquiring an additional 54 shares in the last quarter. Occidental Asset Management LLC grew its stake in iShares U.S. Technology ETF by 1.2% during the third quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock valued at $952,000 after acquiring an additional 56 shares in the last quarter. Greenleaf Trust increased its holdings in iShares U.S. Technology ETF by 1.0% in the 3rd quarter. Greenleaf Trust now owns 5,715 shares of the exchange traded fund’s stock valued at $1,119,000 after acquiring an additional 58 shares during the last quarter. Finally, Oldfather Financial Services LLC increased its holdings in iShares U.S. Technology ETF by 3.3% in the 3rd quarter. Oldfather Financial Services LLC now owns 1,909 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.2%

Shares of IYW stock opened at $184.48 on Friday. The company’s fifty day simple moving average is $194.05 and its two-hundred day simple moving average is $196.46. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The stock has a market cap of $19.31 billion, a P/E ratio of 34.95 and a beta of 1.23.

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.