Meridian Wealth Management LLC Purchases Shares of 15,803 iShares U.S. Technology ETF (NYSEARCA:IYW)

Meridian Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,803 shares of the exchange traded fund’s stock, valued at approximately $2,396,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in iShares U.S. Technology ETF by 84.1% during the 3rd quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock valued at $7,522,000 after purchasing an additional 22,667 shares during the last quarter. Concorde Asset Management LLC boosted its stake in iShares U.S. Technology ETF by 9.7% during the 3rd quarter. Concorde Asset Management LLC now owns 11,353 shares of the exchange traded fund’s stock valued at $1,721,000 after purchasing an additional 1,002 shares during the last quarter. Activest Wealth Management bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth approximately $52,000. LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 3.0% during the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock worth $626,712,000 after buying an additional 120,614 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of iShares U.S. Technology ETF by 87.0% during the 3rd quarter. King Luther Capital Management Corp now owns 3,032 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 1,411 shares in the last quarter.

iShares U.S. Technology ETF Stock Up 0.0 %

iShares U.S. Technology ETF stock opened at $159.02 on Friday. iShares U.S. Technology ETF has a 52 week low of $114.84 and a 52 week high of $161.49. The company’s 50 day moving average price is $153.81 and its two-hundred day moving average price is $148.18. The stock has a market cap of $19.54 billion, a P/E ratio of 38.84 and a beta of 1.43.

iShares U.S. Technology ETF Company Profile

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).