Truist Financial Corp Trims Stake in iShares U.S. Technology ETF $IYW

Truist Financial Corp cut its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 46.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 88,754 shares of the exchange traded fund’s stock after selling 76,637 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Technology ETF were worth $17,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC grew its position in iShares U.S. Technology ETF by 18,553.4% in 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 period. Raymond James Financial Inc. boosted its stake 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 buying an additional 97,389 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares U.S. Technology ETF by 52.6% in the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after acquiring an additional 401,472 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares during the period. Finally, Dynasty Wealth Management LLC increased its position in iShares U.S. Technology ETF by 6.1% during the third quarter. Dynasty Wealth Management LLC now owns 1,114,634 shares of the exchange traded fund’s stock valued at $218,312,000 after acquiring an additional 64,136 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 1.7%

Shares of NYSEARCA IYW opened at $198.37 on Friday. iShares U.S. Technology ETF has a 12-month low of $117.55 and a 12-month high of $211.98. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The firm has a 50 day moving average of $200.23 and a 200 day moving average of $193.95.

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.