Merit Financial Group LLC Buys 123,005 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Merit Financial Group LLC lifted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 147.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,402 shares of the exchange traded fund’s stock after purchasing an additional 123,005 shares during the quarter. Merit Financial Group LLC’s holdings in iShares U.S. Technology ETF were worth $28,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its position in shares of iShares U.S. Technology ETF by 3,533.3% during the 1st quarter. Elevation Wealth Partners LLC now owns 1,635 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 1,590 shares in the last quarter. LVW Advisors LLC boosted its position in shares of iShares U.S. Technology ETF by 3.2% during the 1st quarter. LVW Advisors LLC now owns 14,240 shares of the exchange traded fund’s stock worth $2,000,000 after purchasing an additional 441 shares in the last quarter. McNaughton Wealth Management LLC bought a new position in shares of iShares U.S. Technology ETF during the 1st quarter worth about $3,627,000. NBC Securities Inc. boosted its position in shares of iShares U.S. Technology ETF by 105,314.3% during the 1st quarter. NBC Securities Inc. now owns 7,379 shares of the exchange traded fund’s stock worth $1,036,000 after purchasing an additional 7,372 shares in the last quarter. Finally, SigFig Wealth Management LLC boosted its position in shares of iShares U.S. Technology ETF by 2.6% during the 1st quarter. SigFig Wealth Management LLC now owns 21,271 shares of the exchange traded fund’s stock worth $2,992,000 after purchasing an additional 529 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $159.69 on Tuesday. The stock has a market capitalization of $19.61 billion, a PE ratio of 35.28 and a beta of 1.23. The company’s 50-day moving average is $144.37 and its 200-day moving average is $153.60. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $167.30.

About iShares U.S. Technology ETF

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).