Forte Asset Management LLC Has $4.70 Million Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Forte Asset Management LLC lowered its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,467 shares of the exchange traded fund’s stock after selling 2,033 shares during the period. iShares U.S. Technology ETF makes up about 2.5% of Forte Asset Management LLC’s holdings, making the stock its 16th biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,701,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. W Advisors LLC grew its stake in iShares U.S. Technology ETF by 1.9% in the fourth quarter. W Advisors LLC now owns 15,980 shares of the exchange traded fund’s stock valued at $2,549,000 after acquiring an additional 296 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in iShares U.S. Technology ETF in the fourth quarter valued at approximately $494,000. West Wealth Group LLC grew its stake in iShares U.S. Technology ETF by 3.0% in the fourth quarter. West Wealth Group LLC now owns 72,940 shares of the exchange traded fund’s stock valued at $11,636,000 after acquiring an additional 2,125 shares during the period. Aurora Private Wealth Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 1.0% in the fourth quarter. Aurora Private Wealth Inc. now owns 9,938 shares of the exchange traded fund’s stock valued at $1,585,000 after purchasing an additional 97 shares in the last quarter. Finally, Two West Capital Advisors LLC lifted its holdings in shares of iShares U.S. Technology ETF by 21.5% in the fourth quarter. Two West Capital Advisors LLC now owns 1,668 shares of the exchange traded fund’s stock valued at $266,000 after purchasing an additional 295 shares in the last quarter.

iShares U.S. Technology ETF Stock Down 4.6 %

IYW stock opened at $157.13 on Tuesday. iShares U.S. Technology ETF has a twelve month low of $124.32 and a twelve month high of $166.83. The stock’s 50 day moving average is $161.63 and its 200-day moving average is $153.69. The firm has a market capitalization of $19.30 billion, a PE ratio of 38.84 and a beta of 1.43.

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).