SSI Investment Management LLC Lowers Stock Holdings in iShares U.S. Technology ETF $IYW

SSI Investment Management LLC reduced its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 17.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 65,930 shares of the exchange traded fund’s stock after selling 13,675 shares during the period. SSI Investment Management LLC’s holdings in iShares U.S. Technology ETF were worth $12,913,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC raised its stake in shares of 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. increased its holdings in iShares U.S. Technology ETF by 6.5% during 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 during the period. Hsbc Holdings PLC increased its holdings in iShares U.S. Technology ETF by 52.6% during 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 during the period. Ameriprise Financial Inc. raised its position in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after purchasing an additional 27,056 shares in the last quarter. Finally, RiverFront Investment Group LLC boosted its stake in shares of iShares U.S. Technology ETF by 2.8% in 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 during the period. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 0.0%

Shares of iShares U.S. Technology ETF stock opened at $199.89 on Friday. 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 capitalization of $20.90 billion, a P/E ratio of 34.95 and a beta of 1.23. The company has a 50 day moving average of $199.67 and a 200 day moving average of $192.20.

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). 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.