Montecito Bank & Trust Purchases 304 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Montecito Bank & Trust lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,344 shares of the exchange traded fund’s stock after purchasing an additional 304 shares during the period. iShares U.S. Technology ETF accounts for approximately 0.8% of Montecito Bank & Trust’s investment portfolio, making the stock its 29th biggest holding. Montecito Bank & Trust’s holdings in iShares U.S. Technology ETF were worth $4,521,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IYW. LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 3.0% during the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after acquiring an additional 120,614 shares during the period. International Assets Investment Management LLC raised its stake in iShares U.S. Technology ETF by 29,435.7% in the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after purchasing an additional 3,179,355 shares in the last quarter. Park Avenue Securities LLC lifted its position in iShares U.S. Technology ETF by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock worth $148,638,000 after purchasing an additional 18,382 shares during the period. Cetera Investment Advisers grew its stake in iShares U.S. Technology ETF by 0.9% during the second quarter. Cetera Investment Advisers now owns 750,041 shares of the exchange traded fund’s stock worth $112,881,000 after buying an additional 7,039 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares U.S. Technology ETF by 7.4% in the 2nd quarter. RiverFront Investment Group LLC now owns 725,878 shares of the exchange traded fund’s stock valued at $109,245,000 after buying an additional 50,202 shares during the period.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $166.22 on Friday. The company’s 50 day simple moving average is $161.42 and its 200 day simple moving average is $153.68. iShares U.S. Technology ETF has a 1 year low of $124.32 and a 1 year high of $166.47. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).