Merit Financial Group LLC Acquires 33,769 Shares of iShares U.S. Technology ETF $IYW

Merit Financial Group LLC increased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 16.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 240,171 shares of the exchange traded fund’s stock after buying an additional 33,769 shares during the quarter. Merit Financial Group LLC owned 0.19% of iShares U.S. Technology ETF worth $41,614,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Hoey Investments Inc. purchased a new position in iShares U.S. Technology ETF in the first quarter valued at about $27,000. Trust Co. of Vermont bought a new stake in shares of iShares U.S. Technology ETF in the 1st quarter worth approximately $30,000. Park Square Financial Group LLC raised its holdings in shares of iShares U.S. Technology ETF by 588.2% in the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares during the period. Accredited Wealth Management LLC purchased a new position in iShares U.S. Technology ETF in the first quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. bought a new position in iShares U.S. Technology ETF during the second quarter valued at $41,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $197.46 on Friday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $199.31. The stock’s fifty day moving average price is $186.11 and its two-hundred day moving average price is $166.20. The firm has a market cap of $21.27 billion, a PE ratio of 34.95 and a beta of 1.15.

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).