Sandy Spring Bank Has $11.22 Million Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Sandy Spring Bank lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,337 shares of the exchange traded fund’s stock after selling 1,252 shares during the quarter. Sandy Spring Bank’s holdings in iShares U.S. Technology ETF were worth $11,220,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IYW. Raymond James Financial Inc. acquired a new stake in iShares U.S. Technology ETF during the 4th quarter worth $256,146,000. The Manufacturers Life Insurance Company grew its holdings in iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after acquiring an additional 541,550 shares during the period. Dynasty Wealth Management LLC grew its holdings in iShares U.S. Technology ETF by 54.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,404,039 shares of the exchange traded fund’s stock worth $223,972,000 after acquiring an additional 497,043 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in iShares U.S. Technology ETF during the 4th quarter worth $38,293,000. Finally, HighTower Advisors LLC grew its holdings in iShares U.S. Technology ETF by 55.1% during the 3rd quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock worth $54,626,000 after acquiring an additional 128,052 shares during the period.

iShares U.S. Technology ETF Stock Up 1.4 %

Shares of IYW stock opened at $146.21 on Thursday. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The firm has a fifty day moving average of $157.23 and a 200-day moving average of $156.29.

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).