Horizon Wealth Management LLC Lowers Holdings in iShares U.S. Technology ETF $IYW

Horizon Wealth Management LLC trimmed its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 96.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,987 shares of the exchange traded fund’s stock after selling 85,847 shares during the period. Horizon Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of iShares U.S. Technology ETF by 99.1% during the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock valued at $21,041,000 after acquiring an additional 53,466 shares during the period. Sigma Investment Counselors Inc. acquired a new position in iShares U.S. Technology ETF in the 2nd quarter worth about $224,000. Ashton Thomas Securities LLC acquired a new stake in iShares U.S. Technology ETF in the third quarter valued at approximately $1,093,000. HB Wealth Management LLC grew its holdings in iShares U.S. Technology ETF by 48.2% in the third quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock valued at $3,274,000 after purchasing an additional 5,439 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of iShares U.S. Technology ETF by 22.2% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 17,857 shares of the exchange traded fund’s stock valued at $3,497,000 after buying an additional 3,246 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $190.54 on Friday. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The stock has a 50 day simple moving average of $199.12 and a 200-day simple moving average of $194.97.

iShares U.S. Technology ETF Company 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.