Simplex Trading LLC Acquires New Shares in iShares U.S. Technology ETF $IYW

Simplex Trading LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, Holdings Channel reports. The firm acquired 9,743 shares of the exchange traded fund’s stock, valued at approximately $2,581,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after buying an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at about $200,579,000. Hsbc Holdings PLC grew its stake in iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after acquiring an additional 91,338 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $150,156,000. Finally, Kestra Advisory Services LLC grew its stake in iShares U.S. Technology ETF by 1.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 483,241 shares of the exchange traded fund’s stock valued at $128,011,000 after acquiring an additional 5,513 shares during the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 3.1%

NYSEARCA:IYW opened at $234.02 on Tuesday. The firm has a 50-day moving average price of $255.29 and a two-hundred day moving average price of $230.41. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a market capitalization of $23.18 billion, a P/E ratio of 34.95 and a beta of 1.37.

iShares U.S. Technology ETF Company 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.