Picton Mahoney Asset Management Grows Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Picton Mahoney Asset Management raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the exchange traded fund’s stock after buying an additional 100 shares during the quarter. Picton Mahoney Asset Management’s holdings in iShares U.S. Technology ETF were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in iShares U.S. Technology ETF by 682.9% in the fourth quarter. Hsbc Holdings PLC now owns 763,232 shares of the exchange traded fund’s stock worth $121,751,000 after buying an additional 665,749 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth $90,236,000. Sofi Wealth LLC lifted its position in iShares U.S. Technology ETF by 4,780.8% in the first quarter. Sofi Wealth LLC now owns 405,256 shares of the exchange traded fund’s stock worth $56,914,000 after buying an additional 396,953 shares during the last quarter. GAMMA Investing LLC lifted its position in iShares U.S. Technology ETF by 13,892.3% in the first quarter. GAMMA Investing LLC now owns 304,193 shares of the exchange traded fund’s stock worth $42,721,000 after buying an additional 302,019 shares during the last quarter. Finally, LPL Financial LLC lifted its position in iShares U.S. Technology ETF by 4.4% in the first quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock worth $749,354,000 after buying an additional 224,438 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Down 0.1%

Shares of IYW opened at $181.31 on Friday. The company has a market cap of $22.78 billion, a PE ratio of 34.95 and a beta of 1.15. The business has a fifty day moving average of $169.99 and a 200 day moving average of $156.82. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $185.13.

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).