Forte Asset Management LLC Has $4.85 Million Stock Position in iShares U.S. Technology ETF $IYW

Forte Asset Management LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,965 shares of the exchange traded fund’s stock after selling 6,435 shares during the period. iShares U.S. Technology ETF comprises approximately 2.5% of Forte Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Forte Asset Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,846,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of iShares U.S. Technology ETF by 4.4% during the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares in the last quarter. PGIM Custom Harvest LLC grew its holdings in iShares U.S. Technology ETF by 4.4% during the 1st quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock worth $636,019,000 after acquiring an additional 192,008 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of iShares U.S. Technology ETF by 113.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after buying an additional 542,816 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of iShares U.S. Technology ETF by 8.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 945,244 shares of the exchange traded fund’s stock valued at $132,750,000 after buying an additional 72,139 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of iShares U.S. Technology ETF by 1.5% in the 1st quarter. Cetera Investment Advisers now owns 703,233 shares of the exchange traded fund’s stock valued at $98,762,000 after buying an additional 10,647 shares during the period. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $203.09 on Friday. The stock has a 50-day moving average of $190.92 and a 200-day moving average of $172.44. The company has a market cap of $21.66 billion, a PE ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $203.85.

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).