Montecito Bank & Trust Sells 8,229 Shares of iShares U.S. Technology ETF $IYW

Montecito Bank & Trust lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.1% during the third quarter, HoldingsChannel.com reports. The fund owned 27,332 shares of the exchange traded fund’s stock after selling 8,229 shares during the quarter. iShares U.S. Technology ETF accounts for about 1.1% of Montecito Bank & Trust’s holdings, making the stock its 23rd biggest position. Montecito Bank & Trust’s holdings in iShares U.S. Technology ETF were worth $7,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares U.S. Technology ETF by 2.4% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Technology ETF during the second quarter worth approximately $200,579,000. Hsbc Holdings PLC increased its holdings in iShares U.S. Technology ETF by 10.3% in the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock worth $177,397,000 after purchasing an additional 91,338 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in iShares U.S. Technology ETF by 11.0% in the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after purchasing an additional 48,940 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Up 0.7%

IYW traded up $1.93 during trading on Thursday, hitting $266.83. The company’s stock had a trading volume of 586,856 shares, compared to its average volume of 1,093,291. The firm has a market capitalization of $26.82 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $267.67. The stock’s fifty day moving average price is $251.02 and its 200-day moving average price is $234.87.

iShares U.S. Technology ETF 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.