iShares U.S. Technology ETF $IYW Position Boosted by Mechanics Bank Trust Department

Mechanics Bank Trust Department boosted its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,874 shares of the exchange traded fund’s stock after acquiring an additional 2,426 shares during the quarter. iShares U.S. Technology ETF accounts for 1.6% of Mechanics Bank Trust Department’s portfolio, making the stock its 13th largest position. Mechanics Bank Trust Department’s holdings in iShares U.S. Technology ETF were worth $13,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IYW. Morgan Stanley raised its stake in shares of iShares U.S. Technology ETF by 3.3% during the fourth 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 in the last quarter. JPMorgan Chase & Co. grew its position in 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 valued at $805,368,000 after buying an additional 1,031,871 shares in the last quarter. UBS Group AG increased its stake in iShares U.S. Technology ETF by 4.0% during 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. increased 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 valued at $276,993,000 after buying an additional 97,389 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in iShares U.S. Technology ETF by 2.4% during the 2nd 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 period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.9%

IYW stock opened at $251.27 on Thursday. The firm’s 50-day moving average is $245.53 and its two-hundred day moving average is $218.04. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $261.01.

iShares U.S. Technology ETF Company 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.