iShares U.S. Technology ETF $IYW Stock Position Decreased by SSI Investment Management LLC

SSI Investment Management LLC cut its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,418 shares of the exchange traded fund’s stock after selling 10,512 shares during the period. SSI Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $11,066,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Laurel Wealth Advisors LLC increased its stake in iShares U.S. Technology ETF by 18,553.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after purchasing an additional 3,670,235 shares in the last quarter. UBS Group AG boosted its holdings in shares of iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after buying an additional 72,485 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares during the period. Hsbc Holdings PLC increased its position in shares of iShares U.S. Technology ETF by 52.6% in the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after acquiring an additional 401,472 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $192.93 on Monday. The firm has a 50 day simple moving average of $197.98 and a 200 day simple moving average of $195.56. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The company has a market cap of $20.19 billion, a PE ratio of 34.95 and a beta of 1.23.

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.