Merkkuri Wealth Advisors LLC Cuts Position in iShares U.S. Technology ETF (NYSEARCA:IYW)

Merkkuri Wealth Advisors LLC decreased its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1.7% during the third quarter, HoldingsChannel reports. The firm owned 8,006 shares of the exchange traded fund’s stock after selling 141 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in iShares U.S. Technology ETF were worth $1,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Schmidt P J Investment Management Inc. purchased a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $4,596,000. Jackson Wealth Management LLC lifted its stake in iShares U.S. Technology ETF by 67.7% in the third quarter. Jackson Wealth Management LLC now owns 42,043 shares of the exchange traded fund’s stock worth $6,375,000 after purchasing an additional 16,977 shares during the last quarter. International Assets Investment Management LLC boosted its position in iShares U.S. Technology ETF by 29,435.7% during the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after buying an additional 3,179,355 shares during the period. Axecap Investments LLC purchased a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $1,086,000. Finally, Guidance Capital Inc. lifted its stake in shares of iShares U.S. Technology ETF by 13.7% in the 3rd quarter. Guidance Capital Inc. now owns 6,637 shares of the exchange traded fund’s stock valued at $1,030,000 after acquiring an additional 799 shares during the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $154.39 on Friday. The company’s 50 day moving average price is $149.26 and its 200-day moving average price is $144.49. iShares U.S. Technology ETF has a 52-week low of $100.84 and a 52-week high of $158.97. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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).