iShares U.S. Technology ETF (NYSEARCA:IYW) Stake Cut by Horizon Wealth Management LLC

Horizon Wealth Management LLC lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 95.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,199 shares of the exchange traded fund’s stock after selling 84,318 shares during the quarter. Horizon Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $670,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Phillips Financial Management LLC increased its position in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Activest Wealth Management acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $52,000. Legacy Investment Solutions LLC bought a new position in iShares U.S. Technology ETF during the third quarter valued at approximately $63,000. Brown Brothers Harriman & Co. lifted its stake in iShares U.S. Technology ETF by 81.7% in the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 245 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in iShares U.S. Technology ETF in the third quarter worth approximately $89,000.

iShares U.S. Technology ETF Stock Down 0.8 %

Shares of IYW traded down $1.29 during mid-day trading on Monday, hitting $156.56. 652,265 shares of the company’s stock were exchanged, compared to its average volume of 1,002,681. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The firm has a fifty day moving average of $160.96 and a two-hundred day moving average of $153.19. iShares U.S. Technology ETF has a twelve month low of $121.05 and a twelve month high of $166.47.

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).