Forte Asset Management LLC Cuts Stock Position in iShares U.S. Technology ETF $IYW

Forte Asset Management LLC lessened its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,145 shares of the exchange traded fund’s stock after selling 6,820 shares during the period. iShares U.S. Technology ETF makes up about 2.0% of Forte Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,142,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Bell Investment Advisors Inc purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $25,000. Harbor Asset Planning Inc. purchased a new position in iShares U.S. Technology ETF in the second quarter worth about $27,000. Bogart Wealth LLC increased its stake in iShares U.S. Technology ETF by 189.3% during the second quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 106 shares during the last quarter. Bangor Savings Bank purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $31,000. Finally, Abound Wealth Management purchased a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $34,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

NYSEARCA:IYW opened at $199.72 on Friday. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50 day simple moving average of $199.30 and a 200-day simple moving average of $193.03. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98.

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). 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.