BNP Paribas Financial Markets Lowers Holdings in iShares U.S. Technology ETF $IYW

BNP Paribas Financial Markets trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 74.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,158 shares of the exchange traded fund’s stock after selling 107,287 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares U.S. Technology ETF were worth $7,420,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $28,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $31,000. Kingdom Financial Group LLC. purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $32,000. Beacon Financial Strategies CORP purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $41,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $44,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $241.08 on Wednesday. The stock has a market capitalization of $23.71 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 1-year low of $162.80 and a 1-year high of $261.01. The business has a fifty day moving average price of $222.69 and a 200 day moving average price of $205.20.

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.