Mechanics Bank Trust Department Purchases New Holdings in iShares U.S. Technology ETF $IYW

Mechanics Bank Trust Department purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,422 shares of the exchange traded fund’s stock, valued at approximately $13,887,000. iShares U.S. Technology ETF comprises about 1.9% of Mechanics Bank Trust Department’s holdings, making the stock its 12th largest holding. Mechanics Bank Trust Department owned 0.05% of iShares U.S. Technology ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Forvis Mazars Wealth Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $900,000. Accel Wealth Management boosted its position in shares of iShares U.S. Technology ETF by 2.8% in the 3rd quarter. Accel Wealth Management now owns 3,946 shares of the exchange traded fund’s stock worth $1,045,000 after purchasing an additional 106 shares during the last quarter. Terra Nova Asset Management LLC boosted its position in shares of iShares U.S. Technology ETF by 4.2% in the 3rd quarter. Terra Nova Asset Management LLC now owns 17,732 shares of the exchange traded fund’s stock worth $4,697,000 after purchasing an additional 711 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $3,500,000. Finally, Castle Rock Wealth Management LLC grew its stake in shares of iShares U.S. Technology ETF by 60.4% during the third quarter. Castle Rock Wealth Management LLC now owns 17,645 shares of the exchange traded fund’s stock worth $4,810,000 after purchasing an additional 6,643 shares during the period. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Up 0.2%

NYSEARCA IYW traded up $0.51 on Tuesday, reaching $267.31. The company had a trading volume of 693,563 shares, compared to its average volume of 1,077,316. The stock’s 50 day moving average is $256.38 and its 200-day moving average is $239.47. The stock has a market cap of $25.93 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44.

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.