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

Montecito Bank & Trust decreased its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 makes up 1.1% of Montecito Bank & Trust’s investment portfolio, making the stock its 23rd biggest holding. Montecito Bank & Trust’s holdings in iShares U.S. Technology ETF were worth $7,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after buying an additional 1,031,871 shares during the period. Goodman Advisory Group LLC acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at about $510,000. CrossGen Wealth LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at about $880,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Technology ETF during the second quarter worth about $200,579,000. Finally, Compass Financial Group Inc. Ohio bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth about $1,631,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock traded up $1.93 during midday trading on Thursday, reaching $266.83. The company had a trading volume of 586,856 shares, compared to its average volume of 1,093,291. The stock has a fifty day moving average price of $251.02 and a 200 day moving average price of $234.87. The firm has a market cap of $26.82 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $267.67.

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.