Merit Financial Group LLC Increases Stock Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Merit Financial Group LLC grew its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 93.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 83,397 shares of the exchange traded fund’s stock after buying an additional 40,305 shares during the period. Merit Financial Group LLC’s holdings in iShares U.S. Technology ETF were worth $13,303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in iShares U.S. Technology ETF by 3.0% during the third quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after acquiring an additional 120,614 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of iShares U.S. Technology ETF by 29,435.7% during the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after purchasing an additional 3,179,355 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of iShares U.S. Technology ETF by 173.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock worth $153,901,000 after purchasing an additional 649,192 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of iShares U.S. Technology ETF by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 931,780 shares of the exchange traded fund’s stock worth $148,638,000 after buying an additional 18,382 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in iShares U.S. Technology ETF by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 750,041 shares of the exchange traded fund’s stock valued at $112,881,000 after buying an additional 7,039 shares in the last quarter.

iShares U.S. Technology ETF Trading Up 1.6 %

Shares of NYSEARCA:IYW opened at $161.29 on Friday. iShares U.S. Technology ETF has a 12-month low of $123.78 and a 12-month high of $166.47. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The stock has a fifty day simple moving average of $161.12 and a two-hundred day simple moving average of $153.42.

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).