Northwestern Mutual Wealth Management Co. Sells 239,753 Shares of iShares U.S. Technology ETF $IYW

Northwestern Mutual Wealth Management Co. lowered its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 56.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,698 shares of the exchange traded fund’s stock after selling 239,753 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.18% of iShares U.S. Technology ETF worth $37,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $28,000. Hantz Financial Services Inc. bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $31,000. Collier Financial bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $37,000. Beacon Financial Strategies CORP bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $41,000. Finally, Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Technology ETF in the fourth quarter worth about $44,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $236.39 on Tuesday. The company has a market cap of $23.25 billion, a P/E ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a 1 year low of $154.02 and a 1 year high of $243.69. The firm has a 50-day simple moving average of $203.57 and a two-hundred day simple moving average of $200.15.

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). 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.