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

SSI Investment Management LLC lowered its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 17.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,930 shares of the exchange traded fund’s stock after selling 13,675 shares during the quarter. SSI Investment Management LLC owned 0.06% of iShares U.S. Technology ETF worth $12,913,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IYW. Laurel Wealth Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 18,553.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after purchasing an additional 3,670,235 shares during the last quarter. Hsbc Holdings PLC boosted its stake in 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 worth $201,829,000 after buying an additional 401,472 shares during the period. Parker Investment Management LLC increased its position in shares of iShares U.S. Technology ETF by 126.4% during the second quarter. Parker Investment Management LLC now owns 700,717 shares of the exchange traded fund’s stock valued at $121,413,000 after acquiring an additional 391,273 shares during the last quarter. Pinkerton Wealth LLC acquired a new stake in shares of iShares U.S. Technology ETF during the second quarter valued at about $34,296,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of iShares U.S. Technology ETF by 14,772.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after acquiring an additional 170,036 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $199.89 on Friday. The firm has a market cap of $20.90 billion, a P/E ratio of 34.95 and a beta of 1.23. The firm’s 50 day moving average price is $199.67 and its 200-day moving average price is $192.20. 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.