Forte Asset Management LLC Sells 4,724 Shares of iShares U.S. Technology ETF $IYW

Forte Asset Management LLC lessened its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 22.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,409 shares of the exchange traded fund’s stock after selling 4,724 shares during the period. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $2,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in iShares U.S. Technology ETF during the third quarter worth $28,000. Miller Capital Partners Inc. purchased a new stake in iShares U.S. Technology ETF during the fourth quarter worth $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in iShares U.S. Technology ETF during the 4th quarter valued at $32,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $243.48 on Friday. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01. The stock’s fifty day simple moving average is $240.99 and its two-hundred day simple moving average is $211.12. The stock has a market capitalization of $24.52 billion, a PE ratio of 34.95 and a beta of 1.35.

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.