iShares U.S. Technology ETF $IYW Shares Sold by First Merchants Corp

First Merchants Corp decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 171,885 shares of the exchange traded fund’s stock after selling 9,964 shares during the period. iShares U.S. Technology ETF comprises 1.3% of First Merchants Corp’s investment portfolio, making the stock its 15th biggest holding. First Merchants Corp’s holdings in iShares U.S. Technology ETF were worth $33,665,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its holdings in iShares U.S. Technology ETF by 18,553.4% during the second quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock worth $639,369,000 after buying an additional 3,670,235 shares in the last quarter. Raymond James Financial Inc. increased its holdings in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after buying an additional 97,389 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of iShares U.S. Technology ETF by 52.6% in the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after acquiring an additional 401,472 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares U.S. Technology ETF by 2.8% in the 2nd quarter. RiverFront Investment Group LLC now owns 861,595 shares of the exchange traded fund’s stock worth $149,289,000 after acquiring an additional 23,387 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Up 1.0%

IYW opened at $202.33 on Wednesday. The firm’s fifty day simple moving average is $200.38 and its two-hundred day simple moving average is $190.77. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The company has a market cap of $21.29 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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.