First Merchants Corp Sells 9,964 Shares of iShares U.S. Technology ETF $IYW

First Merchants Corp decreased its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 5.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 171,885 shares of the exchange traded fund’s stock after selling 9,964 shares during the period. iShares U.S. Technology ETF accounts for about 1.3% of First Merchants Corp’s investment portfolio, making the stock its 15th biggest position. First Merchants Corp owned approximately 0.16% of iShares U.S. Technology ETF worth $33,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Presilium Private Wealth LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $203,000. Sigma Investment Counselors Inc. acquired a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $224,000. Fort Washington Investment Advisors Inc. OH increased its position in iShares U.S. Technology ETF by 22.2% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 17,857 shares of the exchange traded fund’s stock valued at $3,497,000 after buying an additional 3,246 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in iShares U.S. Technology ETF by 10.6% in the second quarter. Johnson Investment Counsel Inc. now owns 56,687 shares of the exchange traded fund’s stock valued at $9,822,000 after buying an additional 5,429 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. acquired a new stake in iShares U.S. Technology ETF in the third quarter worth about $697,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of IYW stock opened at $202.33 on Wednesday. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $211.98. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The stock’s 50-day simple moving average is $200.38 and its 200-day simple moving average is $190.77.

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). 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.