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

First Merchants Corp purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 160,352 shares of the exchange traded fund’s stock, valued at approximately $42,477,000. iShares U.S. Technology ETF makes up 1.4% of First Merchants Corp’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. GKV Capital Management Co. Inc. lifted its position in iShares U.S. Technology ETF by 3.2% during the first 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 in the last quarter. Tactive Advisors LLC grew its stake in iShares U.S. Technology ETF by 1.2% during the second 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 period. Catalina Capital Group LLC increased its position in shares of iShares U.S. Technology ETF by 0.7% in the first quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock worth $1,601,000 after acquiring an additional 63 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of iShares U.S. Technology ETF by 0.5% in the first quarter. Mayflower Financial Advisors LLC now owns 13,140 shares of the exchange traded fund’s stock worth $2,384,000 after acquiring an additional 65 shares in the last quarter. Finally, Intrua Financial LLC increased its position in shares of iShares U.S. Technology ETF by 2.0% in the first quarter. Intrua Financial LLC now owns 3,365 shares of the exchange traded fund’s stock worth $610,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Down 0.3%

Shares of IYW stock opened at $258.70 on Friday. The company’s fifty day simple moving average is $256.98 and its 200-day simple moving average is $241.19. iShares U.S. Technology ETF has a 52 week low of $172.54 and a 52 week high of $274.44. The company has a market cap of $25.09 billion, a PE ratio of 34.95 and a beta of 1.35.

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). 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.