Fortitude Family Office LLC Cuts Position in iShares U.S. Technology ETF $IYW

Fortitude Family Office LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,298 shares of the exchange traded fund’s stock after selling 3,055 shares during the period. iShares U.S. Technology ETF makes up approximately 1.5% of Fortitude Family Office LLC’s holdings, making the stock its 17th largest holding. Fortitude Family Office LLC’s holdings in iShares U.S. Technology ETF were worth $6,449,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated grew its stake in iShares U.S. Technology ETF by 14.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 13,258 shares of the exchange traded fund’s stock worth $2,672,000 after buying an additional 1,660 shares during the period. Polaris Investment Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $401,000. Presidio Capital Management LLC raised its stake in shares of iShares U.S. Technology ETF by 4.6% in the 4th quarter. Presidio Capital Management LLC now owns 3,776 shares of the exchange traded fund’s stock valued at $754,000 after acquiring an additional 166 shares during the period. Cassilly Financial Group LLC acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at $406,000. Finally, InTrack Investment Management Inc lifted its holdings in shares of iShares U.S. Technology ETF by 47.2% during the 4th quarter. InTrack Investment Management Inc now owns 2,706 shares of the exchange traded fund’s stock valued at $540,000 after acquiring an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 4.5%

Shares of iShares U.S. Technology ETF stock opened at $181.42 on Wednesday. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The company has a fifty day moving average price of $191.47 and a 200 day moving average price of $196.47.

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.