Sagespring Wealth Partners LLC Lowers Position in iShares U.S. Technology ETF $IYW

Sagespring Wealth Partners LLC cut its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 522,502 shares of the exchange traded fund’s stock after selling 34,338 shares during the quarter. iShares U.S. Technology ETF makes up about 0.8% of Sagespring Wealth Partners LLC’s investment portfolio, making the stock its 16th largest position. Sagespring Wealth Partners LLC owned approximately 0.42% of iShares U.S. Technology ETF worth $90,534,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Trust Co. of Vermont bought a new position in iShares U.S. Technology ETF in the first quarter worth about $30,000. Park Square Financial Group LLC raised its holdings in iShares U.S. Technology ETF by 588.2% in the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Accredited Wealth Management LLC bought a new position in iShares U.S. Technology ETF in the first quarter worth about $33,000. SJS Investment Consulting Inc. bought a new position in iShares U.S. Technology ETF in the second quarter worth about $41,000. Finally, Tidemark LLC raised its holdings in iShares U.S. Technology ETF by 56.0% in the first quarter. Tidemark LLC now owns 301 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 108 shares in the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $197.38 on Tuesday. The company has a market capitalization of $20.94 billion, a PE ratio of 34.95 and a beta of 1.15. The company has a 50-day simple moving average of $188.22 and a two-hundred day simple moving average of $168.52. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $201.50.

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).