iShares U.S. Technology ETF $IYW Shares Sold by First Merchants Corp

First Merchants Corp lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,849 shares of the exchange traded fund’s stock after selling 4,710 shares during the quarter. iShares U.S. Technology ETF makes up about 1.2% of First Merchants Corp’s portfolio, making the stock its 17th biggest holding. First Merchants Corp owned approximately 0.14% of iShares U.S. Technology ETF worth $31,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IYW. Hoey Investments Inc. purchased a new position in shares of iShares U.S. Technology ETF during the 1st quarter worth $27,000. Trust Co. of Vermont purchased a new position in shares of iShares U.S. Technology ETF during the 1st quarter worth $30,000. Park Square Financial Group LLC raised its holdings in shares of iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 200 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of iShares U.S. Technology ETF during the 1st quarter worth $33,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.5%

NYSEARCA IYW opened at $200.85 on Thursday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $200.86. The business’s fifty day simple moving average is $187.20 and its 200-day simple moving average is $167.17. The firm has a market cap of $21.55 billion, a PE ratio of 34.95 and a beta of 1.15.

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).