Geneos Wealth Management Inc. Lowers Stake in iShares U.S. Technology ETF (NYSEARCA:IYW)
Geneos Wealth Management Inc. recently made a significant move in its investment portfolio by lowering its stake in iShares U.S. Technology ETF (NYSEARCA:IYW). According to a report from Holdings Channel.com, the firm sold 188 shares during the first quarter, reducing its holdings to 9,761 shares valued at $1,318,000.
This decision by Geneos Wealth Management Inc. comes amidst a series of changes in institutional investors’ positions in iShares U.S. Technology ETF. RFG Advisory LLC increased its stake by 10.2% in the fourth quarter, while Occidental Asset Management LLC and West Wealth Group LLC also saw growth in their holdings. Envestnet Portfolio Solutions Inc. and Day & Ennis LLC also added to their positions in the ETF during the same period.
Shares of iShares U.S. Technology ETF opened at $154.85 on Friday, with a fifty-two week range of $100.84 to $158.97. The ETF has a market capitalization of $19.02 billion, a P/E ratio of 38.84, and a beta of 1.43.
iShares U.S. Technology ETF, formerly known as iShares Dow Jones U.S. Technology Sector Index Fund, seeks to track the performance of the Dow Jones U.S. Technology Index. Investors interested in learning more about the ETF’s holdings can visit HoldingsChannel.com for the latest 13F filings and insider trades.
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