52,422 Shares in iShares U.S. Technology ETF $IYW Purchased by Mechanics Bank Trust Department

Mechanics Bank Trust Department acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,422 shares of the exchange traded fund’s stock, valued at approximately $13,887,000. iShares U.S. Technology ETF accounts for approximately 1.9% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 12th biggest position.

Other large investors have also recently bought and sold shares of the company. Monetary Solutions Ltd acquired a new stake in iShares U.S. Technology ETF in the fourth quarter worth $26,000. Sankala Group LLC bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter worth $26,000. Go Invest LLC bought a new position in shares of iShares U.S. Technology ETF during the third quarter worth $30,000. Citizens National Bank Trust Department acquired a new position in shares of iShares U.S. Technology ETF in the 1st quarter valued at $31,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $40,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 0.2%

Shares of IYW stock traded up $0.51 on Tuesday, hitting $267.31. The stock had a trading volume of 693,563 shares, compared to its average volume of 1,077,316. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a fifty day moving average price of $256.38 and a two-hundred day moving average price of $239.47. The firm has a market cap of $25.93 billion, a P/E ratio of 34.95 and a beta of 1.35.

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.