First Merchants Corp Has $31.49 Million Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

First Merchants Corp lessened its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,391 shares of the exchange traded fund’s stock after selling 2,131 shares during the quarter. iShares U.S. Technology ETF makes up 1.2% of First Merchants Corp’s investment portfolio, making the stock its 20th largest holding. First Merchants Corp owned 0.16% of iShares U.S. Technology ETF worth $31,488,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Avion Wealth purchased a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at $47,000. Gladstone Institutional Advisory LLC boosted its position in iShares U.S. Technology ETF by 14.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 8,074 shares of the exchange traded fund’s stock valued at $1,288,000 after purchasing an additional 1,016 shares during the last quarter. TFB Advisors LLC grew its stake in iShares U.S. Technology ETF by 5.2% in the fourth quarter. TFB Advisors LLC now owns 2,429 shares of the exchange traded fund’s stock valued at $387,000 after purchasing an additional 119 shares in the last quarter. Certuity LLC increased its position in iShares U.S. Technology ETF by 28.9% in the 4th quarter. Certuity LLC now owns 47,716 shares of the exchange traded fund’s stock worth $7,612,000 after purchasing an additional 10,707 shares during the last quarter. Finally, Beacon Financial Group raised its stake in shares of iShares U.S. Technology ETF by 2.7% during the 4th quarter. Beacon Financial Group now owns 42,767 shares of the exchange traded fund’s stock worth $6,822,000 after purchasing an additional 1,136 shares in the last quarter.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $165.00 on Friday. The stock has a 50-day simple moving average of $161.92 and a 200-day simple moving average of $154.65. iShares U.S. Technology ETF has a 52-week low of $124.32 and a 52-week high of $166.83. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).