Montecito Bank & Trust lowered its position in iShares US Technology ETF (NYSEARCA:IYW) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,591 shares of the exchange traded fund’s stock after selling 455 shares during the quarter. Montecito Bank & Trust’s holdings in iShares US Technology ETF were worth $1,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Weaver Consulting Group bought a new position in iShares US Technology ETF during the 1st quarter worth about $35,000. FMR LLC raised its position in shares of iShares US Technology ETF by 4.8% in the first quarter. FMR LLC now owns 5,152 shares of the exchange traded fund’s stock valued at $982,000 after buying an additional 236 shares in the last quarter. M Holdings Securities Inc. raised its position in shares of iShares US Technology ETF by 14.4% in the first quarter. M Holdings Securities Inc. now owns 3,378 shares of the exchange traded fund’s stock valued at $644,000 after buying an additional 426 shares in the last quarter. Advisory Services Network LLC raised its position in shares of iShares US Technology ETF by 7.2% in the first quarter. Advisory Services Network LLC now owns 11,381 shares of the exchange traded fund’s stock valued at $2,169,000 after buying an additional 768 shares in the last quarter. Finally, GYL Financial Synergies LLC acquired a new stake in shares of iShares US Technology ETF in the first quarter valued at approximately $343,000.

Shares of NYSEARCA IYW traded up $1.19 during midday trading on Tuesday, reaching $208.24. The company’s stock had a trading volume of 74,000 shares, compared to its average volume of 152,242. iShares US Technology ETF has a fifty-two week low of $148.42 and a fifty-two week high of $208.24. The stock’s 50 day moving average price is $198.98.

About iShares US 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).

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Institutional Ownership by Quarter for iShares US Technology ETF (NYSEARCA:IYW)

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