Hsbc Holdings PLC Buys 665,749 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Hsbc Holdings PLC raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 682.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 763,232 shares of the exchange traded fund’s stock after purchasing an additional 665,749 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Technology ETF were worth $121,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of IYW. Brooklyn Investment Group raised its position in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the period. Headlands Technologies LLC purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter worth approximately $40,000. Avion Wealth bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth approximately $47,000. SRS Capital Advisors Inc. boosted its holdings in iShares U.S. Technology ETF by 43.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 90 shares during the period. Finally, Atala Financial Inc purchased a new position in iShares U.S. Technology ETF during the 4th quarter valued at $52,000.

iShares U.S. Technology ETF Stock Up 2.5 %

IYW stock opened at $130.96 on Wednesday. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $167.30. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 31.02 and a beta of 1.22. The business’s fifty day simple moving average is $144.52 and its two-hundred day simple moving average is $154.39.

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).