160,352 Shares in iShares U.S. Technology ETF $IYW Bought by First Merchants Corp

by · The Cerbat Gem

First Merchants Corp purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 160,352 shares of the exchange traded fund’s stock, valued at approximately $42,477,000. iShares U.S. Technology ETF accounts for about 1.4% of First Merchants Corp’s investment portfolio, making the stock its 14th largest position. First Merchants Corp owned approximately 0.17% of iShares U.S. Technology ETF at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. grew its stake in shares of iShares U.S. Technology ETF by 3.2% during the 1st quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 46 shares during the period. Tactive Advisors LLC increased its holdings in shares of iShares U.S. Technology ETF by 1.2% during the 2nd quarter. Tactive Advisors LLC now owns 5,133 shares of the exchange traded fund’s stock worth $1,295,000 after buying an additional 60 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of iShares U.S. Technology ETF by 0.7% in the 1st quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock worth $1,601,000 after buying an additional 63 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of iShares U.S. Technology ETF by 0.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 13,140 shares of the exchange traded fund’s stock worth $2,384,000 after buying an additional 65 shares during the period. Finally, Intrua Financial LLC raised its position in shares of iShares U.S. Technology ETF by 2.0% in the 1st quarter. Intrua Financial LLC now owns 3,365 shares of the exchange traded fund’s stock worth $610,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.3%

Shares of iShares U.S. Technology ETF stock opened at $258.70 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The stock has a market capitalization of $25.09 billion, a P/E ratio of 34.95 and a beta of 1.35. The business’s fifty day moving average price is $256.98 and its 200 day moving average price is $241.19.

iShares U.S. Technology ETF Company Profile

(Free Report)

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.

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