Alterna Wealth Management Inc. Sells 1,664 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Alterna Wealth Management Inc. reduced its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,963 shares of the exchange traded fund’s stock after selling 1,664 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares U.S. Technology ETF were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Magnus Financial Group LLC boosted its position in iShares U.S. Technology ETF by 0.6% during the third quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock valued at $1,796,000 after purchasing an additional 67 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in shares of iShares U.S. Technology ETF by 3.7% in the 3rd quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 67 shares during the last quarter. Investment Advisory Group LLC grew its stake in shares of iShares U.S. Technology ETF by 1.0% in the third quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock valued at $1,150,000 after buying an additional 73 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of iShares U.S. Technology ETF by 0.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 13,484 shares of the exchange traded fund’s stock valued at $2,029,000 after buying an additional 74 shares in the last quarter. Finally, Saxony Capital Management LLC increased its holdings in iShares U.S. Technology ETF by 5.4% during the third quarter. Saxony Capital Management LLC now owns 1,473 shares of the exchange traded fund’s stock worth $223,000 after buying an additional 76 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $151.41 on Tuesday. iShares U.S. Technology ETF has a 52-week low of $108.24 and a 52-week high of $158.97. The company has a market capitalization of $18.60 billion, a P/E ratio of 38.84 and a beta of 1.43. The company has a 50-day simple moving average of $149.91 and a 200 day simple moving average of $145.56.

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).