HB Wealth Management LLC Enhances iShares U.S. Technology ETF Holdings
In its most recent disclosure to the SEC, HB Wealth Management LLC has augmented its investment in the iShares U.S. Technology ETF (NYSEARCA: IYW – Free Report) by a substantial 48.2% during the third quarter.
This strategic move has resulted in the fund acquiring a total of 16,713 shares, following the procurement of an additional 5,439 shares throughout the quarter.
The valuation of HB Wealth Management LLC’s stake in the iShares U.S. Technology ETF reached approximately $3,274,000 by the conclusion of this period.
Institutional Stake Adjustments in iShares U.S. Technology ETF
Several other hedge funds have made noteworthy adjustments to their holdings in IYW. Among these, Laurel Wealth Advisors LLC has magnified its stake in the iShares U.S. Technology ETF by an astonishing 18,553.4% in the second quarter.
The firm currently possesses 3,690,017 shares, appreciating to a valuation of $639,369,000 following an acquisition of 3,670,235 shares.
Furthermore, HSBC Holdings PLC has elevated its position by 52.6%, resulting in ownership of 1,164,822 shares worth $201,829,000 after purchasing an additional 401,472 shares.
Parker Investment Management LLC similarly increased its stake by 126.4%, now holding 700,717 shares valued at $121,413,000, following a purchase of 391,273 shares.
Additionally, Pinkerton Wealth LLC has entered the fray by acquiring a new position worth $34,296,000 in the iShares U.S. Technology ETF during the same quarter.
Not to be overlooked, DZ BANK AG Deutsche Zentral Genossenschaftsbank Frankfurt am Main expanded its holdings by a staggering 14,772.9%, securing 171,187 shares valued at $29,662,000 after procuring an extra 170,036 shares. Collectively, these institutional giants control approximately 57.65% of the outstanding shares of this fund.
iShares U.S. Technology ETF Stock Performance Metrics
As of Friday, shares of the NYSEARCA IYW opened at a price point of $201.75. The fund showcases a fifty-day moving average of $199.93 and a two-hundred-day moving average of $191.17.
Over the past year, the ETF has encountered a low of $117.55 and a high of $211.98, underlining its significant market volatility.
The current market capitalization stands at an impressive $21.23 billion, complemented by a price-to-earnings ratio of 34.95 and a beta coefficient of 1.23, indicating above-average risk.
Profile of the iShares U.S. Technology ETF
The iShares U.S. Technology ETF, previously identified as the iShares Dow Jones U.S. Technology Sector Index Fund, operates as a non-diversified fund.
Its primary objective is to achieve investment results that closely mirror the price and yield performance—before fees and expenses—of the Dow Jones U.S. Technology Index.
This index evaluates the performance of the technology sector within the U.S. equity market, incorporating firms from various industry groups, including software, computer services, and technology hardware and equipment.
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