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

Forte Asset Management LLC decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Monetary Solutions Ltd purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $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 position in iShares U.S. Technology ETF during the 3rd quarter worth $28,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF during the 4th 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 Price Performance

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

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.