Central Pacific Bank Trust Division Has $9.10 Million Position in iShares U.S. Technology ETF $IYW

Central Pacific Bank Trust Division grew its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 104.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,065 shares of the exchange traded fund’s stock after acquiring an additional 18,435 shares during the period. iShares U.S. Technology ETF comprises about 0.9% of Central Pacific Bank Trust Division’s portfolio, making the stock its 18th largest holding. Central Pacific Bank Trust Division’s holdings in iShares U.S. Technology ETF were worth $9,097,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Morgan Stanley lifted its stake in iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after purchasing an additional 186,297 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after buying an additional 1,031,871 shares during the period. UBS Group AG raised its stake in iShares U.S. Technology ETF by 4.0% in the third 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. lifted its position in shares of iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of 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 valued at $200,481,000 after buying an additional 27,056 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Up 4.1%

Shares of NYSEARCA IYW opened at $253.55 on Wednesday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $261.01. The stock has a 50 day moving average of $245.43 and a 200-day moving average of $217.68. The company has a market capitalization of $25.11 billion, a P/E ratio of 34.95 and a beta of 1.36.

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.