Mmbg Investment Advisors CO. Sells 24,830 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

Mmbg Investment Advisors CO. trimmed its position in iShares U.S. Technology ETF (NYSEARCA:IYW) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,053 shares of the exchange traded fund’s stock after selling 24,830 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in iShares U.S. Technology ETF were worth $3,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IYW. Brooklyn Investment Group increased its position in shares of iShares U.S. Technology ETF by 84.3% during the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $40,000. Avion Wealth bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter worth $47,000. SRS Capital Advisors Inc. increased its holdings in iShares U.S. Technology ETF by 43.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 90 shares in the last quarter. Finally, Atala Financial Inc acquired a new position in iShares U.S. Technology ETF in the 4th quarter worth about $52,000.

iShares U.S. Technology ETF Trading Down 0.1%

Shares of IYW stock opened at $148.32 on Monday. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 31.02 and a beta of 1.22. The stock has a 50-day moving average of $140.58 and a 200-day moving average of $153.45. iShares U.S. Technology ETF has a 1-year low of $117.55 and a 1-year high of $167.30.

iShares U.S. Technology ETF 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).