Horizon Wealth Management LLC Decreases Position in iShares U.S. Technology ETF $IYW

Horizon Wealth Management LLC reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 96.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IYW. Bell Investment Advisors Inc acquired a new stake in iShares U.S. Technology ETF during the 2nd quarter worth $25,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares U.S. Technology ETF in the second quarter worth about $27,000. Bogart Wealth LLC grew its stake in iShares U.S. Technology ETF by 189.3% during the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. Bangor Savings Bank purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at about $31,000. Finally, Hantz Financial Services Inc. acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $190.54 on Friday. The stock’s 50 day simple moving average is $199.12 and its 200-day simple moving average is $194.97. The stock has a market cap of $19.94 billion, a P/E ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $211.98.

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). 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.