M&T Bank Corp Has $1.01 Million Stock Holdings in iShares U.S. Technology ETF $IYW

M&T Bank Corp lowered its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 92.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,066 shares of the exchange traded fund’s stock after selling 58,781 shares during the quarter. M&T Bank Corp’s holdings in iShares U.S. Technology ETF were worth $1,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IYW. UBS Group AG grew its stake in shares of iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after buying an additional 72,485 shares during the period. Raymond James Financial Inc. raised its stake in iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after buying an additional 97,389 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Dynasty Wealth Management LLC boosted its holdings in iShares U.S. Technology ETF by 6.1% in the third quarter. Dynasty Wealth Management LLC now owns 1,114,634 shares of the exchange traded fund’s stock worth $218,312,000 after acquiring an additional 64,136 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in iShares U.S. Technology ETF by 41.1% in the third quarter. Sagespring Wealth Partners LLC now owns 737,156 shares of the exchange traded fund’s stock worth $144,379,000 after acquiring an additional 214,654 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $218.11 on Friday. The business’s 50 day simple moving average is $194.62 and its two-hundred day simple moving average is $197.61. The firm has a market cap of $21.42 billion, a P/E ratio of 34.95 and a beta of 1.27. iShares U.S. Technology ETF has a 52-week low of $144.44 and a 52-week high of $218.59.

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.