First Merchants Corp Sells 4,238 Shares of iShares U.S. Technology ETF $IYW

First Merchants Corp lessened its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 165,820 shares of the exchange traded fund’s stock after selling 4,238 shares during the period. iShares U.S. Technology ETF makes up about 1.1% of First Merchants Corp’s holdings, making the stock its 18th largest position. First Merchants Corp’s holdings in iShares U.S. Technology ETF were worth $30,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compound Planning Inc. lifted its holdings in shares of iShares U.S. Technology ETF by 10.7% in the 3rd quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after purchasing an additional 13,045 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in iShares U.S. Technology ETF by 20.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock valued at $8,444,000 after purchasing an additional 7,217 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in iShares U.S. Technology ETF by 714.4% during the third quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock worth $4,560,000 after buying an additional 20,425 shares during the last quarter. Finally, ASL Financial LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth $718,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $253.57 on Monday. iShares U.S. Technology ETF has a 1-year low of $162.98 and a 1-year high of $261.01. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The firm’s fifty day moving average price is $232.73 and its two-hundred day moving average price is $208.14.

iShares U.S. Technology ETF Company 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.