Merit Financial Group LLC Purchases 4,261 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Merit Financial Group LLC increased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,611 shares of the exchange traded fund’s stock after buying an additional 4,261 shares during the quarter. Merit Financial Group LLC’s holdings in iShares U.S. Technology ETF were worth $7,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Authentikos Wealth Advisory LLC bought a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $33,000. LWM Advisory Services LLC bought a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at $40,000. Headinvest LLC purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter worth $42,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $43,000. Finally, GAMMA Investing LLC bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $52,000.

iShares U.S. Technology ETF Price Performance

Shares of IYW stock traded up $3.16 during trading hours on Friday, hitting $132.17. The stock had a trading volume of 1,312,698 shares, compared to its average volume of 897,433. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. iShares U.S. Technology ETF has a one year low of $90.76 and a one year high of $137.54. The stock’s 50-day moving average price is $132.73 and its two-hundred day moving average price is $124.31.

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).