Oppenheimer & Co. Inc. Buys 9,350 Shares of iShares U.S. Technology ETF $IYW

Oppenheimer & Co. Inc. bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, Holdings Channel.com reports. The firm bought 9,350 shares of the exchange traded fund’s stock, valued at approximately $2,477,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after acquiring an additional 31,952 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of 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 worth $177,397,000 after acquiring an additional 91,338 shares during the period. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF in the 2nd quarter valued at about $200,579,000. Kestra Advisory Services LLC lifted its position in iShares U.S. Technology ETF by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock valued at $89,868,000 after purchasing an additional 48,940 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in iShares U.S. Technology ETF by 10.6% in the 1st quarter. Sanctuary Advisors LLC now owns 231,479 shares of the exchange traded fund’s stock valued at $41,995,000 after purchasing an additional 22,151 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 4.3%

iShares U.S. Technology ETF stock opened at $242.67 on Friday. The firm has a 50-day moving average price of $257.04 and a two-hundred day moving average price of $229.36. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44.

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.