Merit Financial Group LLC Purchases 40,305 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Merit Financial Group LLC boosted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 93.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,397 shares of the exchange traded fund’s stock after buying an additional 40,305 shares during the quarter. Merit Financial Group LLC owned approximately 0.07% of iShares U.S. Technology ETF worth $13,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IYW. Saxon Interests Inc. raised its stake in shares of iShares U.S. Technology ETF by 13.9% during the fourth quarter. Saxon Interests Inc. now owns 7,056 shares of the exchange traded fund’s stock valued at $1,126,000 after acquiring an additional 860 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in iShares U.S. Technology ETF by 18.2% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,536 shares of the exchange traded fund’s stock valued at $1,043,000 after purchasing an additional 1,005 shares during the last quarter. Everpar Advisors LLC lifted its holdings in iShares U.S. Technology ETF by 11.2% in the 4th quarter. Everpar Advisors LLC now owns 1,940 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 196 shares during the period. RDA Financial Network grew its position in shares of iShares U.S. Technology ETF by 27.6% in the 4th quarter. RDA Financial Network now owns 3,325 shares of the exchange traded fund’s stock worth $530,000 after buying an additional 720 shares during the last quarter. Finally, JGP Wealth Management LLC bought a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $206,000.

iShares U.S. Technology ETF Stock Up 1.6 %

NYSEARCA:IYW opened at $161.29 on Friday. iShares U.S. Technology ETF has a twelve month low of $123.78 and a twelve month high of $166.47. The stock has a market cap of $19.81 billion, a P/E ratio of 38.84 and a beta of 1.43. The firm’s fifty day simple moving average is $161.12 and its 200 day simple moving average is $153.42.

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).