Hsbc Holdings PLC Boosts Stock Holdings in iShares U.S. Technology ETF $IYW

Hsbc Holdings PLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886,487 shares of the exchange traded fund’s stock after purchasing an additional 29,367 shares during the quarter. 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 institutional investors also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC lifted its stake in iShares U.S. Technology ETF by 20.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock valued at $8,444,000 after buying an additional 7,217 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the last quarter. ASL Financial LLC bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $718,000. Farther Finance Advisors LLC increased its holdings in shares of iShares U.S. Technology ETF by 4.7% in the 4th quarter. Farther Finance Advisors LLC now owns 60,006 shares of the exchange traded fund’s stock worth $11,982,000 after acquiring an additional 2,674 shares during the period. Finally, Tudor Investment Corp ET AL lifted its position in iShares U.S. Technology ETF by 714.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock valued at $4,560,000 after purchasing an additional 20,425 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $243.48 on Friday. The company has a 50-day moving average price of $240.99 and a two-hundred day moving average price of $211.12. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

iShares U.S. Technology ETF Company 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). 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.