SigFig Wealth Management LLC Decreases Position in iShares U.S. Technology ETF $IYW

SigFig Wealth Management LLC lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 94.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,059 shares of the exchange traded fund’s stock after selling 17,732 shares during the period. SigFig Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its position 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 valued at $639,369,000 after acquiring an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 purchasing an additional 97,389 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of iShares U.S. Technology ETF by 52.6% during the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after purchasing an additional 401,472 shares in the last quarter. Ameriprise Financial Inc. boosted its position 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 buying an additional 27,056 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its position in shares of iShares U.S. Technology ETF by 2.8% during the second quarter. RiverFront Investment Group LLC now owns 861,595 shares of the exchange traded fund’s stock valued at $149,289,000 after buying an additional 23,387 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $199.89 on Friday. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The business has a 50-day simple moving average of $200.66 and a two-hundred day simple moving average of $189.90. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98.

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.