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

Hsbc Holdings PLC boosted its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 886,487 shares of the exchange traded fund’s stock after buying an additional 29,367 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares U.S. Technology ETF were worth $177,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYW. Monetary Solutions Ltd acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth approximately $28,000. Miller Capital Partners Inc. acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth approximately $28,000. Finally, Kingdom Financial Group LLC. bought a new position in iShares U.S. Technology ETF in the 4th quarter worth approximately $32,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock opened at $253.57 on Friday. iShares U.S. Technology ETF has a 12-month low of $162.98 and a 12-month high of $261.01. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The business has a 50 day simple moving average of $232.73 and a 200 day simple moving average of $208.07.

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.