First Merchants Corp Sells 10,832 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

First Merchants Corp lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,559 shares of the exchange traded fund’s stock after selling 10,832 shares during the quarter. iShares U.S. Technology ETF accounts for 1.0% of First Merchants Corp’s holdings, making the stock its 17th biggest position. First Merchants Corp’s holdings in iShares U.S. Technology ETF were worth $26,200,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hoey Investments Inc. bought a new stake in shares of iShares U.S. Technology ETF in the first quarter worth $27,000. Headlands Technologies LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. lifted its position in iShares U.S. Technology ETF by 43.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 90 shares in the last quarter. Atala Financial Inc acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $52,000. Finally, Dunhill Financial LLC grew its holdings in shares of iShares U.S. Technology ETF by 183.8% in the 4th quarter. Dunhill Financial LLC now owns 386 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 250 shares in the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW opened at $171.61 on Friday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $171.82. The company has a market cap of $21.17 billion, a P/E ratio of 34.95 and a beta of 1.15. The stock’s 50-day simple moving average is $155.39 and its 200 day simple moving average is $154.29.

iShares U.S. Technology ETF 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).