Meridian Wealth Management LLC Sells 3,333 Shares of iShares U.S. Technology ETF $IYW

Meridian Wealth Management LLC lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,178 shares of the exchange traded fund’s stock after selling 3,333 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,344,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IYW. Laurel Wealth Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 18,553.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after purchasing an additional 3,670,235 shares during the period. Raymond James Financial Inc. increased its holdings in shares of iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares in the last quarter. Hsbc Holdings PLC increased its stake in iShares U.S. Technology ETF by 52.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock valued at $201,829,000 after purchasing an additional 401,472 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its holdings in shares of iShares U.S. Technology ETF by 6.1% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,114,634 shares of the exchange traded fund’s stock worth $218,312,000 after purchasing an additional 64,136 shares in the last quarter. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $198.37 on Friday. The stock has a 50-day moving average of $200.23 and a 200 day moving average of $194.07. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $211.98.

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.