Oppenheimer & Co. Inc. Purchases New Stake in iShares U.S. Technology ETF $IYW

Oppenheimer & Co. Inc. acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,350 shares of the exchange traded fund’s stock, valued at approximately $2,477,000.

Several other large investors have also recently added to or reduced their stakes in IYW. Envestnet Asset Management Inc. increased its stake in 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 valued at $341,174,000 after purchasing an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Technology ETF in the 2nd quarter worth about $200,579,000. Hsbc Holdings PLC lifted its position 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 buying an additional 91,338 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of 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 buying an additional 48,940 shares during the period. Finally, First Merchants Corp acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $42,477,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Down 4.3%

Shares of NYSEARCA:IYW opened at $242.67 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44. The firm has a 50-day simple moving average of $257.04 and a 200 day simple moving average of $229.36. The company has a market cap of $23.61 billion, a PE ratio of 34.95 and a beta of 1.35.

About iShares U.S. Technology ETF

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.