Swmg LLC Decreases Stock Holdings in iShares U.S. Technology ETF $IYW

Swmg LLC reduced its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 35.1% during the third quarter, Holdings Channel reports. The institutional investor owned 20,379 shares of the exchange traded fund’s stock after selling 11,027 shares during the quarter. iShares U.S. Technology ETF comprises 1.2% of Swmg LLC’s investment portfolio, making the stock its 19th largest holding. Swmg LLC’s holdings in iShares U.S. Technology ETF were worth $4,075,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its stake in iShares U.S. Technology ETF by 18,553.4% in the second 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. boosted its position in shares of iShares U.S. Technology ETF by 6.5% in the 2nd 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 in the last quarter. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Technology ETF by 52.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after purchasing an additional 401,472 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after buying an additional 27,056 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its position in iShares U.S. Technology ETF by 2.8% during the 2nd 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 in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $201.75 on Friday. The stock has a market cap of $21.23 billion, a PE ratio of 34.95 and a beta of 1.23. The stock has a 50-day moving average of $199.93 and a two-hundred day moving average of $191.33. iShares U.S. Technology ETF has a one year low of $117.55 and a one year 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.