First Merchants Corp Has $31.49 Million Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

First Merchants Corp lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,391 shares of the exchange traded fund’s stock after selling 2,131 shares during the quarter. iShares U.S. Technology ETF comprises approximately 1.2% of First Merchants Corp’s holdings, making the stock its 20th largest position. First Merchants Corp’s holdings in iShares U.S. Technology ETF were worth $31,488,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IYW. Phillips Financial Management LLC lifted its position in iShares U.S. Technology ETF by 1,545.5% during the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Brooklyn Investment Group grew its position in shares of iShares U.S. Technology ETF by 84.3% in the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Avion Wealth acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at about $47,000. Activest Wealth Management acquired a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $52,000. Finally, China Universal Asset Management Co. Ltd. boosted its stake in iShares U.S. Technology ETF by 37,900.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 379 shares during the period.

iShares U.S. Technology ETF Stock Up 1.6 %

Shares of NYSEARCA IYW opened at $165.00 on Friday. The business’s 50 day moving average is $161.92 and its two-hundred day moving average is $154.65. The company has a market cap of $20.27 billion, a P/E ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a 12 month low of $124.32 and a 12 month high of $166.83.

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).