Alterna Wealth Management Inc. Has $483,000 Stock Position in iShares U.S. Technology ETF $IYW

Alterna Wealth Management Inc. reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 67.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,420 shares of the exchange traded fund’s stock after selling 4,952 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares U.S. Technology ETF were worth $483,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IYW. Triumph Capital Management acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $28,000. Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $31,000. Hantz Financial Services Inc. acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $31,000. Abound Wealth Management acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $34,000. Finally, Collier Financial acquired a new stake in iShares U.S. Technology ETF during the third quarter worth approximately $37,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $194.27 on Monday. The firm has a 50 day moving average price of $189.56 and a two-hundred day moving average price of $196.25. The company has a market capitalization of $18.81 billion, a PE ratio of 34.95 and a beta of 1.27. iShares U.S. Technology ETF has a 12-month low of $126.02 and a 12-month high of $211.98.

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.