iShares U.S. Technology ETF $IYW Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,487 shares of the exchange traded fund’s stock after acquiring an additional 29,367 shares during the period. Hsbc Holdings PLC owned about 0.85% of iShares U.S. Technology ETF worth $177,014,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IYW. AQR Capital Management LLC raised its stake in iShares U.S. Technology ETF by 58.1% during the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of iShares U.S. Technology ETF by 9.8% during the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP bought a new position in shares of iShares U.S. Technology ETF during the second quarter valued at approximately $222,000. Main Street Financial Solutions LLC raised its position in shares of iShares U.S. Technology ETF by 95.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 1,394 shares during the period. Finally, Ieq Capital LLC raised its position in shares of iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 166 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $253.57 on Friday. The company has a market cap of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The stock’s 50 day simple moving average is $232.73 and its 200 day simple moving average is $208.07.

About iShares U.S. Technology ETF

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.