iShares U.S. Technology ETF $IYW Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 977,825 shares of the exchange traded fund’s stock after purchasing an additional 91,338 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Technology ETF were worth $177,397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IYW. Accredited Investors Inc. increased its holdings in iShares U.S. Technology ETF by 181.1% in the 1st quarter. Accredited Investors Inc. now owns 6,814 shares of the exchange traded fund’s stock valued at $1,236,000 after purchasing an additional 4,390 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in iShares U.S. Technology ETF by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after purchasing an additional 48,940 shares in the last quarter. Money Concepts Capital Corp boosted its position in shares of iShares U.S. Technology ETF by 56.3% during the first quarter. Money Concepts Capital Corp now owns 19,855 shares of the exchange traded fund’s stock worth $3,602,000 after buying an additional 7,152 shares during the period. Kiley Juergens Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the first quarter worth $1,367,000. Finally, Ascentis Independent Advisors grew its stake in shares of iShares U.S. Technology ETF by 146.8% in the first quarter. Ascentis Independent Advisors now owns 5,283 shares of the exchange traded fund’s stock valued at $959,000 after buying an additional 3,142 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.4%

Shares of NYSEARCA IYW opened at $239.24 on Friday. The stock has a market capitalization of $24.06 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock has a fifty day simple moving average of $245.67 and a 200-day simple moving average of $214.37.

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). 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.