Meritage Portfolio Management Sells 605 Shares of iShares U.S. Technology ETF $IYW

Meritage Portfolio Management decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,757 shares of the exchange traded fund’s stock after selling 605 shares during the quarter. Meritage Portfolio Management’s holdings in iShares U.S. Technology ETF were worth $651,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC raised its holdings in iShares U.S. Technology ETF by 588.2% during the 1st quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. SJS Investment Consulting Inc. bought a new position in iShares U.S. Technology ETF during the 2nd quarter worth approximately $41,000. Accredited Wealth Management LLC bought a new position in iShares U.S. Technology ETF during the 1st quarter worth approximately $33,000. Finally, Hoey Investments Inc. raised its holdings in iShares U.S. Technology ETF by 31.6% during the 2nd quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. 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 $192.80 on Monday. The firm has a 50 day moving average price of $187.90 and a two-hundred day moving average price of $168.13. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $201.50.

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).