Apollon Wealth Management LLC Decreases Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Apollon Wealth Management LLC trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,963 shares of the exchange traded fund’s stock after selling 84,344 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $6,854,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $666,000. Centerline Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth $5,836,000. Fairvoy Private Wealth LLC purchased a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth $536,000. Strategic Financial Concepts LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter valued at $15,272,000. Finally, Rik Saylor Financial Inc. acquired a new position in iShares U.S. Technology ETF during the fourth quarter valued at $682,000.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $160.40 on Friday. The business’s 50-day moving average is $161.93 and its two-hundred day moving average is $154.16. The company has a market capitalization of $19.71 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a fifty-two week low of $124.32 and a fifty-two week high of $166.83.

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).