Spire Wealth Management Has $9.42 Million Stock Holdings in iShares U.S. Technology ETF $IYW

Spire Wealth Management decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,194 shares of the exchange traded fund’s stock after selling 3,847 shares during the period. Spire Wealth Management’s holdings in iShares U.S. Technology ETF were worth $9,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $28,000. Bangor Savings Bank bought a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $31,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Abound Wealth Management acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $34,000. Finally, Collier Financial bought a new stake in shares of 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

IYW opened at $176.09 on Friday. The firm has a 50 day simple moving average of $192.26 and a 200 day simple moving average of $196.56. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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.