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

Hsbc Holdings PLC grew its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 977,825 shares of the exchange traded fund’s stock after buying an additional 91,338 shares during the period. Hsbc Holdings PLC owned 1.00% of iShares U.S. Technology ETF worth $177,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IYW. AQR Capital Management LLC grew its position in iShares U.S. Technology ETF by 58.1% in 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. raised its position in iShares U.S. Technology ETF by 9.8% in 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 period. First Trust Advisors LP purchased a new stake in iShares U.S. Technology ETF in the second quarter valued at $222,000. Main Street Financial Solutions LLC lifted its stake in shares of iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after purchasing an additional 166 shares during 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%

NYSEARCA IYW opened at $239.24 on Friday. The stock has a market cap 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.

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.